Business & Economics

Hungary Vetoes EU Eurobond ‘Plan B,’ Leaving Frozen-Russian-Asset Loan as Brussels’ Lone Ukraine Funding Path

At a 5 Dec 2025 COREPER II meeting, Budapest alone blocked unanimous consent for issuing EU-backed eurobonds, eliminating the bloc’s fallback and forcing leaders to decide by 18 Dec whether to finance a €90-165 billion loan to Kyiv solely via profits and guarantees tied to Russia’s €200 billion in frozen reserves.