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EU Seeks Bypass for Orbán's Russian Asset Loan Veto

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EU Seeks Bypass for Orbán's Russian Asset Loan Veto

The European Commission is seeking a legal workaround to bypass Hungarian Prime Minister Viktor Orbán's veto on using sanctioned Russian assets to fund Ukraine. Orbán, known for obstructing sanctions, opposes the plan to lend €140 billion to Ukraine. The Commission aims to change the decision-making process from unanimity to a qualified majority, leveraging a previous EU leaders' statement. This move faces resistance from countries like Belgium concerned about legal repercussions, but key supporters like Germany and Poland are pushing for it. Discussions are ongoing, with a summit later this year to finalize decisions.

Prepared by Lauren Mitchell and reviewed by editorial team.

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