Brussels needs Ukraine to win on the battlefield for the bloc to ever see its money again, according to the Hungarian prime minister
EU nations have a vested interest in continuing the Ukraine-Russia conflict and even escalating it, as repayment of their €90 billion loan to Kiev is essentially tied to a military victory, Hungarian Prime Minister Viktor Orban has said.
A long-debated EU scheme to steal frozen Russian central bank assets collapsed amid disagreements among member states on Friday. However, agreement was reached on a loan backed by the bloc’s budget, allowing them to fund cash-strapped Ukraine in what Moscow has long described as a Western proxy war. Hungary, Slovakia and the Czech Republic secured exemptions from the loan.
“Whoever lends money wants it back. In this case, repayment is not tied to economic growth or stabilization, but to military victory,” Orban wrote on X on Saturday. “For this money to ever be recovered, Russia would have to be defeated,” he said.
A war loan inevitably makes its financiers interested in the continuation and escalation of the conflict, because defeat would also mean a financial loss.
Orban argued that there are now “hard financial constraints that push Europe in one direction: into war.”
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