Hungary opposes the decision to allocate €1.4 billion in profits from Russian assets for military aid to Ukraine, claiming it "crosses red lines", according to Hungarian Foreign Minister Peter Szijjarto.
Hungary's Foreign Minister criticized his colleagues from other European countries who want more aid for Ukraine in its war with Russia.
According to him, the EU crossed a "red line" when it used €1.4 billion to finance arms supplies to Ukraine. The minister added that Hungary did not want this and that a unanimous decision was required.
"The war fever has blinded those making the decisions," Szijjarto added.
He warned that legal options for challenging such an EU decision are already being explored.
Transfer of profits from Russian assets to Ukraine
At the end of May, it was announced that EU countries approved the confiscation of profits from frozen assets in favor of Ukraine.
Today, on June 24, EU High Representative for Foreign Affairs Josep Borrell announced the transfer of the first funds to Ukraine under this initiative. According to him, Ukraine will receive €2.5 billion in two tranches, with the first coming next week.
Borrell emphasized that the purpose of the funds is to provide military aid to Ukraine to defend against Russian aggression.