Orban blocked the confiscation of Russian assets in the EU: what does this mean for Ukraine.

According to ТСН: On Wednesday, Hungarian Prime Minister Viktor Orban stated that the issue of frozen Russian assets would not be discussed at the EU summit. As one of the few European allies of Putin, he called it a victory for Hungary.

Orban also rejected the idea of joint EU borrowings to support Ukraine, which could replace Russian assets. He emphasized that Hungary is not ready to take responsibility for the loan intended to aid Ukraine and believes that the European Union should not go down this path.

The Prime Minister assured that he would do everything possible to prevent this proposal and is seeking allies in these efforts.

Viktor Orban also characterized the cancellation of the unanimous approval regarding the freezing of Russian assets as an 'absolutely obvious legal mistake'.

Additionally, he warned the Belgian company Euroclear, which holds a large portion of Russian assets, about 'serious consequences' if the European Union continues to confiscate these assets.

Previously, he noted that the attempt to use frozen Russian assets by the European Union is an 'extremely unusual and dangerous affair' and compared it to 'declaring war'.

In response, the Ukrainian Foreign Minister called Orban 'the most valuable frozen asset of Russia in Europe'.

The Chancellor of Germany also emphasized that Russia will temporarily not have access to these frozen assets, and this is the first step towards using RF funds for the benefit of Ukraine.

The Prime Minister of Poland noted that the agreement on using frozen Russian assets for the reconstruction of Ukraine is currently 'very far away'.

The situation surrounding frozen assets continues to be a difficult topic for the European Union. While some countries support the idea of using these funds to aid Ukraine, others, like Hungary, oppose it. This conflict points to deepening divisions among EU members on issues related to supporting Ukraine and sanctions against Russia. Observers argue that further discussions may prove challenging in light of differing positions among member states.