Hungary to block EU military aid fund for Ukraine unless Kyiv takes OTP bank off blacklist

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Hungary to block EU military aid fund for Ukraine unless Kyiv takes OTP bank off blacklist
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BUDAPEST: Hungary will block the next tranche of European Union military support for Ukraine and any new sanctions package against Russia unless Kyiv removes Hungarian bank OTP from its list of war sponsors, its foreign minister said on Wednesday (May 17). 'We can't give it a green light as long as OTP rem

BUDAPEST: Hungary will block the next tranche of European Union military support for Ukraine and any new sanctions package against Russia unless Kyiv removes Hungarian bank OTP from its list of war sponsors, its foreign minister said on Wednesday .

This would allow EU governments to submit new claims to be reimbursed for weapons and ammunition they have donated to Kyiv. EU officials said they were working to resolve the issue, including trying to ascertain whether Kyiv had blacklisted the entire bank or just its Russian branch.

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