Orban Makes EU Wait on Russia Assets Plan Until Trump Result

EU aims to unlock bigger US contribution to loan to Ukraine
G-7 aims to provide $50 billion backed by sanctioned assets

Viktor Orban
Photographer: Simon Wohlfahrt/Bloomberg

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By Alberto Nardelli, Jorge Valero, and Veronika Gulyas

October 17, 2024 at 3:51 PM UTC

Updated on

October 17, 2024 at 8:41 PM UTC

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Hungarian Prime Minister Viktor Orban once again blocked European Union efforts to tweak its Russia sanctions regime, a step needed to unlock significant US participation in a $50 billion loan to Ukraine.

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