By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
  • World
  • Business
  • Technology
  • Sports
  • Lifestyle
Search
Countries
More Topics
  • Health
  • Entertainment
Site Links
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: What is the European Peace Facility and why is Hungary preventing payments to Ukraine?
Share
Notification Show More
Latest News
First cold wave expected to hit Saudi Arabia by end of this week: NCM
Gulf
Al-Futtaim BYD KSA unveils the ATTO 8: The Kingdom’s New Premium Super Hybrid Family SUV
Business
WOQOD to offer free WOQODe tag starting 2026
Gulf
ALECSO enlists National University’s centre of research on list of research centres
Gulf
Riyadh schools suspend in-person classes Monday due to weather alert
Gulf
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Search
  • Home
  • Gulf
  • Business
  • More News
    • World
    • Technology
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > World > What is the European Peace Facility and why is Hungary preventing payments to Ukraine?
World

What is the European Peace Facility and why is Hungary preventing payments to Ukraine?

News Room
Last updated: 2024/10/14 at 4:56 PM
News Room
Share
3 Min Read
SHARE

European Union officials are facing the challenge of bypassing Hungary’s veto on military assistance for Ukraine disbursed through the European Peace Facility (EPF). Budapest has been blocking the transfer of €6.6 billion for about a year and a half, prompting outrage from other member states and Ukraine. The EPF was established in March 2021 to enhance the EU’s ability to prevent conflicts, build peace, and strengthen international security. It funds EU operations under the Common Foreign and Security Policy (CFSP) and provides assistance to non-EU countries to enhance security in the region. The EPF initially had a budget of €5 billion for the 2021-2027 cycle, but it increased significantly after Russia’s invasion of Ukraine, reaching roughly €17 billion.

Hungary’s veto on decisions involving the EPF funding for Ukraine stems from its view on the allocation of the money. While some portion of the funds could be used for Ukraine’s reconstruction, the majority is directed towards the defense and security sector. Hungary, led by Prime Minister Viktor Orban, has publicly expressed opposition to providing more support to Ukraine. Orban’s stance is also influenced by his relationship with former US President Donald Trump, as he does not want to commit to supporting Ukraine in case Trump returns to office. To address Hungary’s veto and provide military assistance to Ukraine, EU officials are exploring options such as voluntary contributions from member states or exceptional macro-financial assistance linked to the EU budget.

As discussions continue on how to bypass Hungary’s veto, the support to Ukraine remains a key priority for foreign ministers. To overcome Hungary’s opposition and ensure military aid reaches Ukraine, creative solutions are being considered by EU officials and diplomats. One proposed approach is to secure voluntary contributions from member states, while another option involves linking exceptional macro-financial assistance to the EU budget rather than the EPF. These strategies aim to ensure that Ukraine receives the necessary support for its defense and security needs while navigating the challenges posed by Hungary’s veto. Despite the hurdles, efforts are underway to find innovative solutions that will allow military assistance to be delivered to Ukraine through the EPF.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room October 14, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article NCEM activates emergency centers to respond to tropical conditions
Next Article French fly-half Ntamack uncertain for Autumn Tests
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

First cold wave expected to hit Saudi Arabia by end of this week: NCM
Gulf December 14, 2025
Al-Futtaim BYD KSA unveils the ATTO 8: The Kingdom’s New Premium Super Hybrid Family SUV
Business December 14, 2025
WOQOD to offer free WOQODe tag starting 2026
Gulf December 14, 2025
ALECSO enlists National University’s centre of research on list of research centres
Gulf December 14, 2025

You Might also Like

World

Netanyahu salutes muslim hero who disarmed one of the Bondi shooters

December 14, 2025
World

‘Today, drugs are everywhere,’ warns director of the EU Drugs Agency

December 14, 2025
World

Deportations and sanctions: EU strikes harder line on migration

December 14, 2025
World

EU and Ukraine agree plan to push membership bid despite Hungary veto

December 14, 2025
World

Probes like EEAS-gate risk damaging EU reputation, watchdog says

December 14, 2025
World

Greek minister Pierrakakis elected as president of Eurogroup

December 14, 2025
World

Podcast: Can Brussels and Washington’s relationship be saved?

December 13, 2025
World

Podcast: Can Brussels and Washington’s relationship be saved?

December 13, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?