• 11/25/2024

France and Germany sceptical about plan to override Hungary’s veto on aid to Ukraine – Bloomberg

Pravda Ukraine

France and Germany have not supported the proposal, which aims to override Hungary’s veto on the allocation of more than €6 billion in aid to Ukraine.

Source: Bloomberg, as reported by European Pravda

Details: The European External Action Service proposed to allow EU member states to make voluntary contributions to the European Peace Facility.

This would make it possible to allocate funds for assistance at the discretion of individual countries, without the unanimous support of all EU countries.

However, Bloomberg sources said that some member states, including France and Germany, have expressed concern about setting a precedent that could jeopardise the future of the European Peace Facility as a foreign policy tool.

Bloomberg also noted that in some countries, voluntary contributions may require the approval of national parliaments, which will add another layer of complexity.

The sources added that it was unclear how much support the proposed plan would receive in the EU.

Background

  • In March, the EU Council agreed to create a fund to support Ukraine within the European Peace Facility. Member states would use the fund to compensate for military supplies to Ukraine.
  • Reportedly, Hungary is blocking the allocation of billions of euros from the European Peace Facility to finance military aid to Ukraine.
  • This is occurring even though Budapest was assured that Hungary’s contributions to the European Peace Facility would not be used for military assistance to Ukraine.
  • On 30 August, Josep Borrell, EU High Representative for Foreign Affairs and Security Policy, promised to find a solution to circumvent the blocking of the allocation of more than €6 billion from the European Peace Facility.

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https://www.pravda.com.ua/eng/news/2024/10/26/7481474/