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Brussels bypasses Hungary to continue aid to Ukraine

Despite Hungary's opposition, the European Union agreed on a solution to continue financial support for Ukraine, including the profits from Russian blocked assets.
– International news

According to the report of the international group Tasnim news agency quoting “De Presse” newspaper, the European Union releases about 1.4 billion euros as military aid for Ukraine. Several diplomats confirmed the news that the planned procedure for this work was approved at a meeting of foreign ministers of the union in Luxembourg. Europe has prevented military aid to Ukraine. The Hungarian government justifies this with doubts about the effectiveness of supporting the attacked country and concerns about the further escalation of conflicts. New to Ukraine is blocked. Now the EU foreign ministers have found a way around this blockade. Hungary is very angry with this approach of Brussels.

In this way, contrary to the wishes of the Hungarian government, about 1.4 billion euros of military aid has been released to Ukraine.

As ​​”Joseph Borrell”, the head of foreign policy of the European Union confirmed in a press conference last night, the planned procedure for this at the meeting of foreign ministers in Luxembourg Was approved. The law states that Hungary cannot veto this decision because it has refused to make a previous substantive decision on the matter.

The reason why this decision should not be To be adopted unanimously as usual is that Hungary abstained from a fundamental decision on the use of frozen funds. This is currently interpreted in such a way that all subsequent decisions on this matter can be taken without Hungary. The European Union criticized. He accused the EU partners of disregarding Hungary’s decision-making powers and unprecedented violations of common European laws. He criticized this action as a hypocrisy in which Brussels defended the rule of law and democratic values ​​and at the same time broke the rules. In a video posted on Facebook, Cijarto spoke of a “red line” crossed by the other 26 EU countries. Hungary is now reviewing its own legal procedures.

The approximately 1.4 billion euros now at issue is interest income from assets frozen by the Russian central bank in the European Union. . The European Union had originally decided several weeks ago to use this asset to support Ukraine. Due to Hungary’s veto policy, it was initially unclear when they could be used. Germany or the Czech Republic pour in, who then quickly provide Ukraine with air defense equipment or artillery shells.

According to the European Commission, about 210 billion The Euro has been frozen by the Russian Central Bank in the European Union. Brussels-based financial institution Euroclear recently announced that it has collected around €4.4 billion in profits by 2023.

EU Commission President Ursula von der Leyen and Joseph EU foreign policy chief Borrell proposed the indirect use of Russian funds for Ukraine in March to EU governments. The law stipulates that 90% of the usable profit from holding Russian Central Bank funds must be transferred to the EU fund to finance military equipment and training. Burrell said: The remaining ten percent should be used for direct financial aid to Ukraine.

EU member states on Monday in Luxembourg, also decided on another package of sanctions against Russia. took Punitive measures will be applied to 116 other individuals and institutions, according to a statement from the Council of the European Union. In the future, the reloading of Russian liquefied natural gas for transfer to third countries will also be prohibited in the European Union.

The future will be taboo. Ideally, this would allow Russia to sell less LNG due to lack of transportation capacity and invest less money in its war.

The 14th sanctions package bans investment in Russian liquefied natural gas projects and also aims to close the way around the sanctions. For example, violating the current rules means that Russia’s defense industry can still use Western technology to produce weapons for the war against Ukraine.

Now companies Others are sanctioned because they are said to have helped Russia’s military and technological development through trade. According to EU information, they are based in third countries such as China, Kazakhstan, Kyrgyzstan, Turkey and United Arab Emirates.

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© Webangah News Hub has translated this news from the source of Tasnim News Agency
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