Hungary is blocking the payment of the eighth tranche of funds from the European Peace Fund in the amount of 500 million euros for weapons, which the Member States of the European Union are transferring to Ukraine.
.in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }
This is reported by the ANSA agency, citing an informed source.
A tranche of 500 million euros was to be disbursed next Monday, May 22, but Budapest blocked the decision, allegedly demanding “guarantees” that the European Peace Fund would not be used exclusively to help Ukraine in the future.
The European Peace Fund is an extrabudgetary instrument with a total volume of almost eight billion euros. Thanks to this, the EU fund supports the Armed Forces of Ukraine within seven consecutive support packages, as well as many other countries, such as: Mozambique, Georgia, Moldova, Mali, Somalia, Niger, Jordan, Bosnia and Herzegovina, Lebanon and Mauritania.
In early February, the EU Council approved the last seventh tranche of military assistance for Ukraine for the funds from the fund, as well as the allocation of funds for the work of the EU training mission for the Ukrainian military.
In addition, in early May, the EU Council agreed on the allocation of a billion euros from this fund as part of its initiative to provide Kyiv with artillery ammunition.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.