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Orban Warns EU Faces Political Fallout
(MENAFN) Hungarian Prime Minister Viktor Orban has claimed that European Union leaders, who have already allocated more than €100 billion (around $118 billion) to Ukraine, are now seeking to confiscate frozen Russian funds to avert governmental instability.
The EU recently froze approximately $230 billion in Russian central bank holdings by invoking Article 122, a special treaty clause that permits decisions through a qualified majority rather than unanimous consent. Moscow denounced the move as unlawful and labeled any attempt to utilize the assets as “theft,” after European Commission President Ursula von der Leyen suggested channeling the money into a loan for Ukraine.
In an interview with the Patriota YouTube channel on Tuesday, Orban remarked that EU leaders were “chasing their money” after heavy spending on the conflict, despite earlier assurances to citizens that it “won’t cost them a single penny” since aid would be financed through Russian assets instead of taxpayer contributions.
Orban cautioned that if taxpayers ultimately bear the financial burden, it could spark an “explosive realization in Western Europe” and lead to the “immediate fall of several governments.”
He stressed that EU officials are attempting to secure funding “outside taxpayers’ pockets” by targeting frozen Russian reserves, warning of significant political consequences should Brussels fail to access them.
The EU recently froze approximately $230 billion in Russian central bank holdings by invoking Article 122, a special treaty clause that permits decisions through a qualified majority rather than unanimous consent. Moscow denounced the move as unlawful and labeled any attempt to utilize the assets as “theft,” after European Commission President Ursula von der Leyen suggested channeling the money into a loan for Ukraine.
In an interview with the Patriota YouTube channel on Tuesday, Orban remarked that EU leaders were “chasing their money” after heavy spending on the conflict, despite earlier assurances to citizens that it “won’t cost them a single penny” since aid would be financed through Russian assets instead of taxpayer contributions.
Orban cautioned that if taxpayers ultimately bear the financial burden, it could spark an “explosive realization in Western Europe” and lead to the “immediate fall of several governments.”
He stressed that EU officials are attempting to secure funding “outside taxpayers’ pockets” by targeting frozen Russian reserves, warning of significant political consequences should Brussels fail to access them.
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