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EU state points €6.5bn ultimatum to Ukraine — RT World Information

by Index Investing News
July 23, 2024
in World
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Budapest will block funds the European Union has earmarked for Ukraine till Kiev resumes the transit of Russian crude oil to Hungary and Slovakia, Hungarian Overseas Minister Peter Szijjarto has stated.

Ukraine stopped the circulate of oil via the Druzhba pipeline final week, citing its sanctions towards Russian power large Lukoil, thus depriving the 2 EU members of an estimated 30-40% of their wants.

“So long as this difficulty shouldn’t be resolved by Ukraine, everybody ought to overlook in regards to the cost of the €6.5 billion of the European Peace Facility compensation for arms transfers,” Szijjarto introduced on Tuesday.

“Ukraine’s choice to not permit Lukoil to transit oil provides via Ukraine poses a elementary risk to the safety of power provides to Hungary and Slovakia,” Szijjarto stated, describing Kiev’s transfer as “unacceptable and incomprehensible,” in addition to incompatible with its aspirations to affix the EU. 

Szijjarto additionally reminded the EU overseas coverage chief Josep Borrell that Hungary – together with Slovakia and Poland – got here to Ukraine’s help in early July, sending sufficient electrical energy to stabilize Kiev’s power system. Hungary provided 42% of Ukraine’s electrical energy in June, Szijjarto famous.


In accordance with unconfirmed experiences from Ukrainian native media, Ukraine stopped receiving electrical energy from Slovakia and Romania as of midnight on Tuesday. 

Kiev has needed to resort to imports after Russian air and missile strikes disabled most of its home era capabilities. Moscow has described the strikes as reprisal for Ukrainian assaults on Russian civilian infrastructure.

Poland has already protested Hungary’s transfer, saying that it could deprive Warsaw of €2 billion it must modernize its armed forces. “It is a enormous disappointment for me,” Polish Overseas Minister Radoslaw Sikorski has stated.

Kiev’s official rationalization for embargoing oil deliveries was that Lukoil income may very well be used to assist the Russian army. One Ukrainian lawmaker, nevertheless, steered to Politico that the blockade has a secondary goal, to strain Hungary into altering its coverage on arming Kiev. 

Hungarian Prime Minister Viktor Orban has lengthy refused to ship Ukraine any weapons, prepare any Ukrainian troops, or permit using Hungarian territory for EU or NATO arms shipments, insisting that Kiev ought to sue for peace with Moscow as quickly as doable.

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