EU debates using 6.6-bn-euro Ukraine arms fund as Hungary lifts veto
June 08, 2026 07:24
Nicosia: The European Union is debating how to use a long-blocked 6.6-billion-euro ($7.6-billion) fund meant to pay back countries for arms given to Ukraine, as Hungary lifts its veto, the bloc’s top diplomat said Monday.
Hungary has told its EU counterparts it is dropping a years-long blockage on the fund as ties improve after new Prime Minister Peter Magyar replaced nationalist leader Viktor Orban.
“We have now a new Hungarian minister, which also means that we are moving on with the unblocking of the 6.6 billion,” EU top diplomat Kaja Kallas said ahead of a meeting of the bloc’s defense ministers.
