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Budapest won’t give Kiev money until OTP bank is removed from sanctions list

Hungarian Foreign Minister Peter Szijjarto said the country will not allocate funds to Ukraine from the so-called peace fund until the Hungarian bank OTP is excluded from the list of ” sponsors of the war”.

“As long as OTP is on the list of international war sponsors, we cannot support the awarding of another €500 million tranche to Ukraine from the European Peace Fund, we will not give it no green light,” he said.

Earlier, it was reported that Hungary blocked the allocation of a new tranche in the amount of 500 million euros to Ukraine from the European Peace Fund. It is specified that Budapest demanded that the fund play a “global” role in the future, and not be used only to arm Ukraine.

Read the Russia Ukraine News on The Eastern Herald.

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