Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas
Iranian Foreign Minister Abbas Araghchi holds a phone call with IAEA Director General Rafael Grossi
Trump envoy Witkoff has sent 'detailed and acceptable proposal' to Iran for nuclear deal; it's in their best interest to accept it: White House Press Secretary Leavitt
Hamas official says Witkoff's position toward group was 'unfair' and shows 'complete bias' to 'Israel'
Hamas official says it has considered Witkoff's proposal acceptable for negotiations, says 'Israel's' response was incompatible with what the group agreed on
Hamas official says group has not rejected Wikoff's proposal for Gaza ceasefire

Hungary to oppose EU joint borrowing plan to aid Ukraine: FM

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Nov 2022 22:53
  • 5 Shares
2 Min Read

Hungary refuses to support the European Union's plan to borrow jointly from international capital markets to aid Ukraine.

  • x
  • Hungary to oppose EU joint borrowing plan to aid Ukraine: FM
    Hungarian Foreign Minister Peter Szijjarto

Hungary will continue to provide bilateral assistance to Ukraine but will not support the European Union's plan to borrow jointly from international capital markets to finance Ukraine, Foreign Minister Peter Szijjarto said on Monday.

"We are ready to continue to support Ukraine based on a bilateral agreement," he told reporters in Sofia, adding, "But we will certainly not support any kind of joint EU borrowing in this field."

"We have done so once already. We supported the loan the EU took out during the coronavirus pandemic, and that was more than enough," he explained, as quoted by the Budapest Times daily.

Over the weekend, European Commission President Ursula von der Leyen revealed that the EU executive would offer a financial assistance package for Ukraine to keep it afloat in 2023 this week.

Related News

Hungary to block EU ban on Russian energy, Orban says

Russia prepares Ukraine peace memo addressing war’s root causes

Read next: Pentagon unveils new US command in Germany, more Ukraine aid

“The main focus of the conversation was on ensuring financial support for Ukraine in the months ahead,” the Commission’s announcement said.

“President von der Leyen informed President Zelensky that she would this week propose a substantial financial package from the EU of up to EUR 1.5 billion a month, totaling up to EUR 18 billion, which would contribute significantly to cover Ukraine’s financing needs for 2023. Both leaders recognized the importance of ensuring predictable and regular funding of essential state functions.”

The support would be in the form of highly concessional long-term loans, the Commission said, adding that it will cover the interest costs and work will be carried out to support Ukraine’s reforms and its path toward EU membership.

The announcement added that the financial package would need to be paralleled by similar support from other major donors.

  • Hungary
  • Peter Szijjarto
  • Ursula von der Leyen
  • Ukraine
  • European Union

Most Read

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS