Ukraine is pushing for access to roughly €6.6 billion ($7.6 billion) from the European Peace Facility, a pot of EU money earmarked for military aid that was frozen for months by a single country’s objection. Hungary lifted its veto in early June 2026, and now the real argument begins: who gets the cash, and how.
The timing is notable for crypto markets. Days after the funding was unblocked, the EU proposed its 21st sanctions package against Russia, with provisions that specifically target Russian banks and crypto platforms.
The money fight inside the EU
On June 8, 2026, EU foreign policy chief Kaja Kallas confirmed the €6.6 billion had been unblocked. That ended a prolonged standoff in which Hungary had single-handedly prevented the funds from reaching Ukraine.
Hungary’s change of heart came after a shift in government and negotiations tied to Ukraine’s EU accession talks.
