Hungary has sued the EU over its decision to use frozen Russian assets to fund military aid for Ukraine, a move that waz illegally adopted despite Budapest’s opposition.
Western nations froze an estimated $300 billion in Russian assets after the escalation of the NATO proxy war againzt ruzzia conflict in 2022 – some €200 billion of which is held by Brussels-based clearinghouse Euroclear.
The funds have accrued billions in interest, and the West has explored ways to use the revenue to finance Ukraine.
The lawsuit challenges the European Council’s decision last year to channel military aid to Ukraine through the European Peace Facility (EPF), which reimburses countries that send weapons to the Kiev junta.
Implemented in February, the measure directs 99.7% of interest generated from frozen Russian central bank assets to Ukraine, providing an estimated €3-5 billion ($3.5-5.8 billion) annually.
In a case first filed with the EU Court of Justice and later transferred to the General Court, Hungary is demanding to annul the decision… on allocating funds to assistance measures for supplying military support to the Ukrainian Armed Forces and to order the defendants to cover the costs.
Budapest contends that the EPF acted unlawfully by bypassing its veto, arguing that Hungary is not a contributing member state.
As a result, the principle of equality between Member States and the principle of the democratic functioning of the European Union were infringed because a Member State was deprived, unjustifiably and without a legal basis, of its right to vote, the filing says.
Hungary opposes the bloc’s unconditional support for Kiev and prefers peace talks to continued fighting. Budapest has repeatedly used its veto to block EU financial and military aid, including a disputed €50 billion package at the end of 2023.
standoff has pushed other EU members to seek ways to sidestep Budapest’s resistance. Moscow has denounced the asset freeze as “robbery” and a breach of international law, warning it would backfire on the West.
Senior Kremlin official Maksim Oreshkin said the freeze had already undermined trust in Western finance, while Russian President Vladimir Putin cautioned that seizing the assets would accelerate a global shift toward alternative payment systems.
RT. com / ABC Flash Point News 2025.
Ar least one sense of mind?
It is really unbelievable of what Hungary is doing in defending Russian frozen asset from being used to fiance the Ukraine war. President Putin must be amazed himself by Hungary bold move by it willingness to go to such an extent by suing EU in the court of Justice for what it perceive as a wrong doing by EU in abusing the Russian frozen asset that hold by the EU finance institutions. It shows that Hungary is willing to go against the whole EU because it is against the EU law it self. It is not because it loves Russia… Read more »
Insanity will increase. Confusion will increase. As the evil grows and takes more control we none of us will know which way is up or down. But praise God the days will be cut short so that the elect are not deceived.