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Hungary to provide $195 million in financial aid to Ukraine

Prime Minister Viktor Orban's government has said that it was willing to pay its share of support for Ukraine but would rather pay it bilaterally than through the EU's joint borrowing.

November 24, 2022 / 01:23 PM IST
Representative image

Representative image

Hungary will provide 187 million euros ($195 million) in financial aid to Ukraine as its contribution to a planned EU support package worth up to 18 billion euros in 2023, according to a government decree published late on Wednesday.

Prime Minister Viktor Orban's government has said that it was willing to pay its share of support for Ukraine but would rather pay it bilaterally than through the EU's joint borrowing.

"The government continues to be committed to take part in financial support to war-gripped Ukraine," the government said in the decree.

"So it calls on the finance minister to make sure to provide the 187 million euros that would be Hungary's share in the 18 billion euros EU loan to be granted to Ukraine."