Hungary Drops Opposition on New EU Weapons Fund for Ukraine
- Budapest won’t block creation of facility, people familiar say
- Prime Minister Orban faces growing pressure to compromise
A Leopard 2 A5 main battle tank during testing at the Gaiziunai military training area, Lithuania.
Photographer: Petras Malukas/AFP/Getty Images
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Hungary will drop its objections to the creation of a €5 billion ($5.4 billion) Ukraine military assistance fund, paving the way for an agreement to revamp a vehicle that aims to steady supply of weapons to Kyiv, once member states sort out technical issues.
Budapest said it won’t stand in the way of a consensus at a meeting of European Union ambassadors on Wednesday, where a deal on a larger €50 billion financial aid package remains stuck, according to people familiar with the matter.