US EditionHungary’s Orbán Condemns EU Over Plan To Lock Up Russian Assets
The European Commission’s use of Article 122 enables a qualified majority to freeze €210 billion in Russian assets, unlocking a €165 billion reparations loan for Ukraine despite Hungary's legal objections.
- On Friday, Hungary’s Prime Minister Viktor Orbán denounced the EU move to permanently freeze €210 billion in Russian sovereign assets, calling it `clearly unlawful` and warning it will `cause irreparable damage`.
- The European Commission invoked Article 122 to let 15 countries representing 65% of the bloc’s population freeze Russian assets permanently, replacing six‑monthly unanimous renewals with qualified majority.
- Under Ursula von der Leyen, the measure includes €25 billion from private accounts and €140 billion held in Euroclear bank in Belgium, with €115 billion for defence.
- Removing unanimity has immediate political consequences as Belgium and Hungary oppose the plan, Belgium fears liabilities and is expected to abstain while Hungary and Slovakia will vote against it.
- Legal advisers and Belgium’s prime minister warn that Article 122 was used for Covid‑19 and argue the assets `have nothing to do with the economic situation of EU member states`, critics counter, while the Commission says the measures are justified.
24 Articles
24 Articles
Locked the 210 billion with the no of Orbán. Mattarella: "Who evokes peace, makes war"
Brussels Is ‘Systematically Raping European Law’, Says Orbán
By Thomas Moller-Nielsen (EurActiv) -- Hungary’s Prime Minister Viktor Orbán fiercely denounced the EU’s move to permanently freeze €210 billion worth of Russian sovereign assets on Friday, arguing that the “clearly unlawful” decision will “cause irreparable damage” to the bloc. In remarks posted on social media early on Friday morning, the pro-Moscow strongman said the move, which...
Brussels Moves To Block Russian Assets Without Unanimity, Confirming Orbán’s warnings
The European Union has now crossed the threshold. On Friday, EU countries formally approved the indefinite immobilisation of roughly €210 billion in Russian state assets—breaking with all previous precedent and validating many of Viktor Orbán’s warnings about a dangerous legal and political drift inside the Union. The decision, adopted via written procedure, uses the emergency powers contained in Article 122 of the Treaty, allowing Brussels to b…
Hungary’s Orbán Condemns EU Over Plan To Lock Up Russian Assets
by Stefan J. Bos, Worthy News Europe Bureau Chief reporting from Budapest, Hungary BUDAPEST (Worthy News) – Hungary’s embattled Prime Minister Viktor Orbán, widely viewed as Russian President Vladimir Putin’s closest ally within the European Union, has accused the EU’s executive arm of “systematically raping European law” over plans to lock up Russia’s frozen assets until Moscow ends its war in Ukraine and compensates for the devastation it has …
The European Union (EU) today indefinitely froze Russian assets in Europe worth 210 billion euros until the country pays war reparations to Ukraine.
PM Orbán Accuses European Commission of ‘Systematically Raping’ EU Law - Hungarian Conservative
Hungarian Prime Minister Viktor Orbán accused Brussels of ‘systematically raping European law’ after the Commission triggered an emergency clause to indefinitely freeze Russian assets—bypassing unanimity and clearing the way ahead of its controversial Ukraine reparations loan.
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