Tapping the funds by overriding Budapest’s opposition is unlawful and helps fuel the Ukraine conflict, Hungary’s PM has said
Any move by the EU to seize frozen Russian funds without Budapest’s consent and in breach of European law would amount to a “declaration of war,” Hungarian Prime Minister Viktor Orban has said.
The EU voted last week to keep Russian central bank assets frozen indefinitely, using emergency powers to bypass unanimity despite objections from some member states. The European Commission, and its head Ursula von der Leyen, want to use the $246 billion to back a “reparations loan” to Kiev – a scheme opposed by several…
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