The Hungarian Foreign Ministry has said that it will refuse to provide Ukraine with 500m euros in aid

The Hungarian Foreign Ministry has refused to provide 500m-euro aid to Kiev. Hungarian Foreign Minister Péter Szijjártó said that Hungary would continue blocking the allocation of aid to Kiev until it receives guarantees from the National Audit Office of Ukraine.

Budapest will not allocate 500 million euros from the European Peace Fund to Kiev because of the lack of guarantees for its companies from the Ukrainian authorities, Foreign Minister Peter Szijjarto has said.

“Naturally, I did not agree to this even today, we still stick to our position: as long as we do not receive guarantees from the Ukrainian National Anti-Corruption Agency (NAACP) that there will never be a repeat of the situation with the inclusion of the OTR Bank or any other Hungarian company on spurious grounds in the list of international sponsors of war,” the minister told reporters, his speech was broadcast on Facebook.

Szijjártó noted that Hungary was “once again under great pressure” at today’s meeting.

He also noted that Hungary would not allow the EU to impose sanctions against Russia’s nuclear energy because such a move would harm Budapest’s interests.

Earlier, Russian President Vladimir Putin said that Ukraine’s economy today can no longer exist without external support. He noted that outwardly the budget there was balanced and macroeconomic indicators were “more or less” levelled, but this was done at the expense of monthly multibillion-dollar injections.