
Vladimir Zelensky, President of Ukraine, a representative of Ecuador and Viktor Orban, Prime Minister of Hungary, attend the inauguration ceremony of Argentina's new President Milei on 10 December, 2023
Budapest has continued to object to a planned aid package to Ukraine ahead of an EU summit this week
Hungary's minister for European affairs, Janos Boka, has said that Budapest will not give in to Brussels' "blackmail" following a report that claimed that the EU would seek to sabotage the country's economy if it does not relent in blocking a European aid package for Ukraine.
Ahead of a summit of EU leaders on Thursday, Hungarian Prime Minister Viktor Orban has pledged to continue to block the use of the European bloc's collective budget to funnel €50 billion ($54 billion) in aid to Ukraine.
Should Orban not relent in lifting its veto, Brussels could seek to sabotage Budapest's economy by pulling funding to the EU member state, the Financial Times said on Sunday, citing confidential plans drawn up by European leaders seen by the newspaper.
The strategy, the FT noted, could impact Hungary's currency and incite a downturn in investment, which would affect
"jobs and growth." But Boka, Budapest's European affairs chief, has said that Hungary will refuse to be dictated to by European bureaucrats over its unwillingness to sign off on fresh aid to Ukraine.
Comment: As SOTT radio notes in its recent show NewsReal: ICJ Orders Israel to Prevent Genocide, West Responds by Slashing Aid to Gaza: