EU Squeezes Hungary Funding While Seeking Its Backing Against Russia

The European Union increased financial pressure on Hungary’s nationalist prime minister just as it needs his support to expand sanctions against Russia over its invasion of Ukraine.

The European Commission proposed on Sunday to freeze EU payments worth 7.5 billion euros, the equivalent of 7.51 billion US dollars, to Hungary. It said the country’s weak democratic institutions could no longer protect those funds from corruption, deepening a conflict between Brussels and a government that the European Parliament last week dubbed an “electoral autocracy”.

https://www.wsj.com/articles/eu-squeezes-hungary-funding-while-seeking-its-backing-against-russia-11663501887 EU Squeezes Hungary Funding While Seeking Its Backing Against Russia

Alley Einstein

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