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Hungary Blocks EU Eurobonds, Complicates Ukraine Funding Efforts

12/6/2025

Summary

Story summary

Hungary blocked EU eurobonds to finance Ukraine, undermining alternative to using frozen Russian assets for a €165 billion loan.
The decision came at a Brussels meeting of ambassadors, where Hungary rejected debt backed by the EU budget.
The European Commission seeks consensus among the 27 EU member states at a December 18 summit.
Belgium opposes the plan over liability concerns if the Kremlin sues, while Hungary's stance complicates Ukraine funding.

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Story summary

Hungary blocked EU eurobonds to finance Ukraine, undermining alternative to using frozen Russian assets for a €165 billion loan.
The decision came at a Brussels meeting of ambassadors, where Hungary rejected debt backed by the EU budget.
The European Commission seeks consensus among the 27 EU member states at a December 18 summit.
Belgium opposes the plan over liability concerns if the Kremlin sues, while Hungary's stance complicates Ukraine funding.