Hungarian state energy company MVM Group and Romanian E. ON Group have mutually agreed to terminate the agreement for the acquisition of a 68% stake in E.ON Energie Romania and a 98% stake in E.ON Asist. The Romanian government did not support the deal due to concerns about MVM's ties with Russia.
EU taxpayers will pay €3 billion annually in interest on a loan to finance Ukraine's defense. The new plan will provide Ukraine with €45 billion next year, with the remaining funds to be paid in 2027.
Ukrainian Foreign Minister Andriy Sybiha responded to Hungarian Prime Minister Viktor Orban, who could not name the culprit of the Russian-Ukrainian war. Sybiha compared Hungary's position to the situation in 1939, when the country was an ally of Nazi Germany.
Czech Defense Minister Jaromír Zuna confirmed the continuation of the ammunition initiative for Ukraine until 2026. Funding has been secured for the purchase of 760,000 shells, and support for Ukraine is "a matter of course."
Hungarian Prime Minister Viktor Orban stated that he managed to prevent "a declaration of war on Russia" by allocating a 90 billion euro loan to Ukraine. In response, Polish Foreign Minister Radosław Sikorski ironically "awarded" Orban the Order of Lenin.
The head of the European People's Party, Manfred Weber, stated that frozen Russian assets will be used to repay loans that the EU provides to Ukraine. He rejected US proposals for asset sharing, emphasizing that Russia must pay for its actions.
Hungarian Prime Minister and Putin's "friend" Orban in Brussels criticized the Western approach to supporting Kyiv, calling the hope for future reparations from Russia an illusion. He also stated that Hungary managed to avoid the risk of using frozen Russian assets.
EU leaders agreed on a plan to finance Ukraine through joint borrowing after 16 hours of negotiations. Politico named Italian Prime Minister Giorgia Meloni and Belgian Prime Minister Bart De Wever as the main "winners" of the summit.
The European Council decided to allocate 90 billion euros in funding to Ukraine for 2026-2027. The funds will be based on EU borrowings without the use of Russian assets and without the involvement of the Czech Republic, Hungary, and Slovakia.
European Union leaders have not reached an agreement on using frozen Russian assets to finance Ukraine. Discussions on providing a loan will continue on December 19 at the summit in Brussels.
NATO Secretary General Mark Rutte stated that Hungary, the US, Slovakia, and possibly a few other allies oppose Ukraine's membership in the Alliance. He noted that at the 2024 Washington Summit, allies agreed on Ukraine's irreversible path to NATO, but in practice, some members are against it.
At Thursday's EU summit, leaders will try to persuade Belgium to agree to the use of frozen Russian assets to finance Ukraine. This is the EU's last chance to greenlight a proposal to raise 210 billion euros from Russian assets.
EU diplomats are trying to find a compromise on financial aid to Ukraine ahead of the bloc's leaders' summit. Options being considered include a loan based on frozen Russian assets or joint EU debt.
Orban announced that Moscow was preparing a "harsh response" to the EU's decision on the use of frozen Russian assets. He stated that he had personal communication with Vladimir Putin.
European Commission President Ursula von der Leyen announced the possibility of financial support for Ukraine through the issuance of joint EU debt, as an alternative to using frozen Russian sovereign assets. This comes ahead of a meeting of EU leaders where ways to finance Ukraine will be discussed amid its expected deficit of 135 billion euros by 2027.
The European Commission is trying to persuade Belgian Prime Minister Bart De Wever to support a proposed loan to Ukraine, financed by immobilized Russian assets. De Wever expresses concerns about the risks to the Belgian economy if Russia tries to reclaim the assets.
The EU leaders' summit on Thursday will test whether the bloc can hold together or whether US President Donald Trump can divide it. Officials of the Trump administration have been pushing European governments to reject a plan to use 210 billion euros of Russian assets to finance Ukraine.
Hungary has blocked the European Union's enlargement statement, preventing Ukraine from starting EU accession negotiations. 26 EU member states support Ukraine, but Hungary did not support a positive assessment of its efforts.
Belgium opposed the European Commission's proposals to unblock a €210 billion loan for Ukraine, financed by frozen Russian assets. This dashes the EU's hopes for a deal before the leaders' summit, as Belgium considers the guarantees provided insufficient.
EU ambassadors in Brussels today are discussing the European Commission's amendments to the reparations loan proposal for financing Ukraine. These amendments aim to address the concerns of Belgium, as well as Italy, Bulgaria, and Malta, who are calling for alternative options.
The European Union is facing a critical week as it tries to protect Ukraine from an unfavorable peace deal imposed by the US and Russia, and to save a multi-billion euro loan financing agreement for Ukraine. EU leaders will meet with Ukrainian President Volodymyr Zelenskyy and American officials in Berlin to discuss a peace deal, and will also fight for support for the lending plan among European governments.
Estonian President Alar Karis believes that Hungary should be helped to pay fines for terminating energy agreements with Russia. These agreements, some of which are valid until the 2040s, were concluded by Hungarian Prime Minister Viktor Orbán to ensure further supplies of cheap energy.
Latvia has allocated 5 million euros for the purchase of drones for Ukraine, redirecting funds intended for the European Peace Facility. This decision was made due to Hungary's blocking of military support for Ukraine through the EPF.
Thousands of Hungarians protested in Budapest against child abuse in a juvenile detention center. Opposition leader Péter Magyar called on Prime Minister Viktor Orbán to resign over the scandal.
Hungarian Prime Minister Viktor Orban criticized the EU's initiative to use frozen Russian assets, calling it dangerous and equating it to a declaration of war, and also accused European leaders of a misguided financial approach to supporting Ukraine.
The new Prime Minister of the Czech Republic, Andrej Babiš, stated that the country would not guarantee financing for Ukraine. He noted that the Czech Republic needs funds for its citizens and is lobbying for the restoration of access to preferential loans under the SAFE program.
Italy, Belgium, Malta, and Bulgaria have opposed the EU's plan to transfer 210 billion euros of frozen Russian assets to Ukraine. They are calling on the European Commission to consider alternative options for financial assistance, such as joint EU debt.
The European Union has agreed to indefinitely freeze Russian central bank assets held in Europe. This removed a significant obstacle to using these funds to help Ukraine defend itself against Russia.
Hungarian Prime Minister Viktor Orban is preparing to become the country's president by amending the Constitution and endowing this position with new powers. This will allow him to maintain control over the country regardless of the results of the upcoming parliamentary elections.
Ambassadors of the European Union member states have voted to start the procedure for long-term freezing of Russian assets. This simplifies the process of holding frozen assets and is a step towards a potential loan for reparations.
