EU Bypasses Hungary Veto to Use €1.4 Billion from Frozen Russian Assets for Ukraine

Jun 24, 2024, 06:30 AM

The European Union has devised a legal loophole to bypass Hungary's veto on using profits from frozen Russian assets to support Ukraine. EU foreign policy chief Josep Borrell announced that the decision to use these funds for arms purchases does not require unanimous approval, as Hungary abstained from the vote. The first tranche of €1.4 billion will be sent through Germany, Denmark, and the Czech Republic. Borrell emphasized the urgency of the decision, stating that it needs to be taken immediately.