Populist Hungarian Prime Minister Viktor Orbán has taken a stab at globalists' plans to increase funding for the Ukraine war, aiming to gain leverage in negotiations if Donald Trump returns to the White House. Ta.
Former President Donald Trump has long vowed to seek to end the bloody conflict in Europe if he wins the U.S. presidential election in November, pledging to negotiate peace before taking office in January. .
Globalist leaders on both sides of the Atlantic have sought to rein in such peace efforts, with the G7 nations in July giving Kiev $50 billion, financed by interest on $250 billion in Russian assets seized by Western powers following the Moscow invasion. It was agreed that the company would provide a loan. This could limit Trump's ability to use the purse strings to bring Ukraine's Volodymyr Zelensky to the negotiating table with Vladimir Putin.
The Biden-Harris White House is about to commit to a $20 billion loan, and for the U.S. to make a meaningful contribution, the European Union must revise its sanctions regime against Russia to extend for the next three years instead of the current package. you'll need to. Reapproved every six months.
However, this would require the consent of all EU member states, giving Orbán a de facto veto over the $50 billion loan to Ukraine. The financing mechanism will be discussed at the next meeting of G7 finance ministers in Washington, D.C., this month, but Budapest has said it will not approve the sanctions extension until after the outcome of the U.S. presidential election in November.
“We believe that this issue, the extension of sanctions against Russia, should be decided after the US elections. We have to see where the future US administration will take this issue,” Hungarians said. Finance Minister Mihai Varga said. said last week.
The move predictably sparked outrage among Europe's liberal political establishment. description It was President Orbán's attempt to “give a great policy gift to our best friend across the Atlantic.''
Unnamed EU diplomats cited by the website argued that blocking the US from signing the loan would likely force Europe to pay more to continue the war. Therefore, the EU will likely try to put financial pressure on Hungary to withdraw Budapest.
There are also moves to strip Hungary of its voting rights at EU Council level to strip it of its powers to deny funding to Ukraine or oppose Brussels' other globalist objectives.
“We are putting pressure on him, but so far Prime Minister Orban has not given in,” the EU diplomat said, adding: “It's just a game of chicken.”
Prime Minister Orbán, on the other hand, said that regardless of the US mood, it was beginning to oppose the war, and argued that the EU should aim to end the conflict so that it would not be solely responsible for supporting Kiev.
Mr Orban attended the European Parliament in Strasbourg last week. prompted Calling for a pragmatic approach, he declared that it was in Europe's interest to seek a peace settlement because “Ukraine cannot be won on the battlefield.”
Hungarian leaders have long argued that Donald Trump's return to power is critical to ending the war in Ukraine and preventing a broader conflict from erupting between NATO countries and Russia.
“There is no other leader in Europe or the United States strong enough to stop wars but him,” Prime Minister Orbán said earlier this year, declaring: “Peace has a name, and it's the name of Donald Trump.”
