The Prague Post - Defiant Orban digs in over blocked Ukraine loan at EU talks

EUR -
AED 4.12089
AFN 72.378676
ALL 90.791106
AMD 404.160409
ANG 2.008309
AOA 1028.961022
ARS 1706.495892
AUD 1.595925
AWG 2.022576
AZN 1.910134
BAM 1.955608
BBD 2.254679
BDT 138.446438
BGN 1.961233
BHD 0.422457
BIF 3355.556343
BMD 1.122095
BND 1.430853
BOB 13.181709
BRL 5.576348
BSD 1.11949
BTN 106.219595
BWP 15.421489
BYN 3.286949
BYR 21993.063597
BZD 2.251359
CAD 1.571444
CDF 2598.77242
CHF 0.924225
CLF 0.028291
CLP 1117.101532
CNY 7.493407
CNH 7.483235
COP 3546.403947
CRC 510.847682
CUC 1.122095
CUP 26.866608
CVE 110.253708
CZK 24.35182
DJF 199.340473
DKK 7.474432
DOP 68.662968
DZD 150.487588
EGP 61.708484
ERN 16.831426
ETB 182.083486
FJD 2.51035
FKP 0.838999
GBP 0.838598
GEL 2.906091
GGP 0.838999
GHS 12.979671
GIP 0.838999
GMD 83.035333
GNF 9906.985383
GTQ 8.557162
GYD 234.455988
HKD 8.802174
HNL 30.054324
HRK 7.533408
HTG 146.714974
HUF 366.767853
IDR 20320.01983
ILS 3.484722
IMP 0.838999
INR 106.513248
IQD 1697.0262
IRR 2056098.974572
ISK 136.41344
JEP 0.838999
JMD 177.662596
JOD 0.795582
JPY 175.956871
KES 145.670553
KGS 98.125641
KHR 4573.592738
KMF 493.159523
KPW 1009.88553
KRW 1483.129279
KWD 0.348624
KYD 0.932904
KZT 508.267946
LAK 25190.756854
LBP 100244.986797
LKR 371.7169
LRD 190.861304
LSL 18.546948
LTL 3.313255
LVL 0.678744
LYD 7.169298
MAD 10.995723
MDL 20.206201
MGA 5062.504086
MKD 61.598966
MMK 2356.233024
MNT 4038.414204
MOP 9.043753
MRU 44.738418
MUR 52.917783
MVR 17.348072
MWK 1941.109852
MXN 20.984744
MYR 4.582666
MZN 71.705102
NAD 18.546701
NGN 1515.142505
NIO 41.195781
NOK 10.45585
NPR 169.952866
NZD 1.967224
OMR 0.429018
PAB 1.11939
PEN 3.844506
PGK 5.013487
PHP 71.662628
PKR 309.777155
PLN 4.404728
PYG 6474.365782
QAR 4.0806
RON 5.346742
RSD 117.486397
RUB 91.444081
RWF 1653.937983
SAR 4.201951
SBD 9.060446
SCR 15.663396
SDG 674.927892
SEK 11.135857
SGD 1.434043
SHP 0.838542
SLE 25.752462
SLL 23529.777745
SOS 639.737332
SRD 42.222196
STD 23225.102685
STN 24.497491
SVC 9.794997
SYP 14589.479895
SZL 18.546183
THB 37.909925
TJS 10.315689
TMT 3.938554
TND 3.342773
TOP 2.701735
TRY 55.843313
TTD 7.606323
TWD 36.558534
TZS 2967.984136
UAH 50.679436
UGX 4931.494945
USD 1.122095
UYU 44.895602
UZS 13396.627994
VES 987.206795
VND 29009.524141
VUV 133.295466
WST 3.105725
XAF 655.957
XAG 0.020713
XAU 0.000279877254
XCD 3.032518
XCG 2.017493
XDR 0.793379
XOF 655.957
XPF 119.331742
YER 264.924107
ZAR 18.640075
ZMK 10100.198334
ZMW 22.506795
ZWL 361.314158
SSP 6446.772597
MXV 2.368402
  • RBGPF

    2.6200

    72.77

    +3.6%

  • RIO

    -0.7200

    83.42

    -0.86%

  • BTI

    -0.9900

    59.48

    -1.66%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • CMSC

    0.0000

    19.6

    0%

  • BCE

    -0.4100

    20.4

    -2.01%

  • NGG

    -0.7800

    81.86

    -0.95%

  • CMSD

    0.1800

    19.78

    +0.91%

  • GSK

    -0.4600

    50.75

    -0.91%

  • AZN

    -1.0800

    171.49

    -0.63%

  • RELX

    -0.0800

    40.54

    -0.2%

  • BCC

    -0.5500

    77.74

    -0.71%

  • VOD

    -0.3800

    15.74

    -2.41%

  • BP

    1.2700

    51.32

    +2.47%

  • JRI

    0.0700

    10.75

    +0.65%

Defiant Orban digs in over blocked Ukraine loan at EU talks

Defiant Orban digs in over blocked Ukraine loan at EU talks

A defiant Hungarian leader Viktor Orban vowed Thursday to keep blocking a massive loan for Ukraine despite heavy pressure from EU partners, who were headed into a Brussels summit hoping to unlock the much-needed funding.

Text size:

Moscow's closest partner in the bloc, the nationalist prime minister has long resisted helping Kyiv to repel Russia's invasion, stalling EU aid and repeated rounds of sanctions.

This time around, Orban is holding up a 90-billion-euro ($104 billion) loan as leverage in a feud over damage to a pipeline running through Ukraine -- which has choked the flow of Russian oil to Hungary and Slovakia.

"The Hungarian position is very simple. We are ready to support Ukraine when we get our oil, which is blocked by them," Orban said on arriving at the Brussels summit -- which Ukraine's Volodymyr Zelensky was to address by videolink later in the day.

The EU's top diplomat Kaja Kallas warned on arrival it was "really, really time" to show support for Ukraine by unlocking the funding -- which Hungary's prime minister signed up to in December along with the rest of the bloc.

But Orban appeared determined to play hardball, as he leans into anti-EU and anti-Ukrainian narratives ahead of close-fought national elections on April 12 -- to the exasperation of fellow EU leaders.

"He's using Ukraine as a weapon in his election campaign, and it's not good. We had a deal," said Finland's Prime Minister Petteri Orpo.

The weeks-long spat has seen landlocked Hungary and Slovakia both accuse Ukraine of stalling on pipeline repairs -- while Zelensky has called it "blackmail" to link the issue to support for its war effort.

The European Commission moved this week to unblock the situation by sending a team to help restore oil transit, but Budapest has dismissed the initiative, with Orban describing it as a "fairy tale" Thursday.

"We are waiting for the oil," Orban told reporters -- calling the matter "existential" for Hungary.

"It's not a joke, it's not a political game."

Others disagreed -- suggesting the block was squarely motivated by national politics. Cue a looming showdown and a tricky balancing act for Orban's EU counterparts.

"It will be complicated before the elections in Hungary; I have the impression that this is part of his election campaign," said Belgium's Bart de Wever.

"In any case, we have to implement the decisions we've made here," he added, calling Orban's U-turn "unacceptable".

- 'No Plan B' -

It's a well worn routine in Brussels, where Orban has held up countless decisions on Ukraine, and solutions have ultimately been found -- in one famous case having him leave the room while the bloc approved the start of membership talks with Kyiv.

A German government official described a "certain momentum" on the pipeline issue -- seeing a chance of a breakthrough when leaders come face-to-face on Thursday.

But the message from other capitals was less optimistic.

"Will we make progress? I have strong doubts," said an EU diplomat, predicting Orban was "not going to budge" on a stance playing well with his voter base at home.

Complicating matters, leaders are wary of offering Orban -- who is trailing main rival Peter Magyar in the polls -- a chance to bolster his image as a maverick on the EU stage by publicly ganging up on him.

Failure to break the deadlock this week would most likely push the issue back until after the Hungarian vote, whatever its outcome.

Can Ukraine hold out until then? Unclear, say EU insiders.

Facing a budget shortfall four years into the war, Kyiv is estimated to need an influx of funds in early May -- implying a decision to unlock the EU loan by mid-April.

As Orban has dug in, there has been talk of alternative solutions to help keep Ukraine afloat -- but a second EU diplomat poured cold water on the notion.

"There's no bridging solutions or Plan B. There's only one plan, and that's Plan A," they said. "Orban should deliver on his promise."

L.Bartos--TPP