Change in Hungary's Government Helps Unlock Aid Funds for Ukraine; Brings New Momentum to Ukraine's EU Accession

(CNA, Washington, 14th) European Union (EU) enlargement chief Marta Kos stated today that a change of government in Hungary could help unfreeze 90 billion euros in funds for Ukraine and inject "new momentum" into its accession to the EU.

According to AFP, Kos stated on the sidelines of the International Monetary Fund (IMF) and World Bank spring meetings that the Hungarian election results are "a great victory for Europe."

In that election, the long-ruling nationalist Prime Minister Viktor Orban suffered a crushing defeat.

Kos said: "I personally expect this to have a positive impact on the accession process."

She also stated that this would help unlock a crucial loan used to support Ukraine's budget.

Previously, Hungary effectively held a veto over these funds, which frustrated other EU leaders. Orban had linked the veto to a dispute over a damaged Russian oil pipeline to Ukraine.

Kos said: "With these 90 billion euros, we can address Ukraine's financial needs in 2026 and 2027." (Translator: Zheng Shi-yun) 1150415