Photo: Global Look Press
The European Union is considering an alternative financing plan for Ukraine if Hungary continues to block the release of a $50 billion aid tranche, Bloomberg reports, citing sources.
The new proposal will reportedly include national guarantees by EU member states to attract funding from the markets.
At the same time, Spain, which currently presides over the EU and the European Commission, is pushing for an agreement within the framework of the long-term budget.
Earlier, Hungary's position was criticized by EU budget commissioner Johannes Hahn from the rostrum of the European Parliament, who said , that Budapest “cannot stop” the EU from its intentions.
“Of course, things can be more complicated when you think about Ukraine. Of course we can find a solution that will involve only 26 member states,” he said.
Hungary accuses Ukraine of corruption and continues to block the release of aid. Budapest says it is ready to negotiate aid for Ukraine “in the short term of six months to a year”, but is not ready to agree to even start negotiations on Ukraine's EU membership.