39 C
Delhi
Saturday, May 25, 2024

NATO state rejects ‘madness’ of proposed €100-billion Ukraine war chest

Hungary has vowed to oppose a five-year funding strategy for Ukraine just floated by NATO Secretary-General Jens Stoltenberg

Budapest is opposing a potential €100-billion ($107 billion), five-year NATO plan to fund Ukraine in its conflict with Russia, Hungarian Foreign Minister Peter Szijjarto has said. The draft plan on the military aid fund was presented to member states of the US-led bloc by Secretary General Jens Stoltenberg earlier this week, Szijjarto revealed.

The minister made the remarks on Thursday to Hungarian broadcaster M1 before heading for a ministerial meeting of the Organization for Economic Co-operation and Development (OECD) countries in Paris.

“On Tuesday, the NATO member states received the secretary-general’s proposal to raise 100 billion that NATO plans to spend on the war,” the diplomat said, adding that since the money is to be collected over five years, this means NATO “expects the hostilities to continue for this period.”

Budapest will oppose the initiative and is not planning to participate in arming Kiev or training its soldiers, Szijjarto stressed. The draft plan was presented to the bloc’s member states in its “first reading” and is still a subject to negotiations, the senior diplomat noted.

In the coming weeks during negotiations we will fight for Hungary’s right to stay away from this madness, from collecting these 100 billion and siphoning them out of Europe.

Budapest prioritizes the security of its own people before anything else and will do its best to “stay out of war,” Szijjarto explained, adding Hungary’s opinion remains that the conflict can only be resolved through negotiations. Nonetheless, Budapest acknowledges mounting global security issues and wants to be ready to face them, he said.

Read more

Secretary General of NATO Jens Stoltenberg with Ukrainian President (not pictured) attend a joint press conference in Kiev, on April 29, 2024.
NATO boss warns Ukraine not to expect membership deal this year 

“We cannot ignore the threat of a new world war and the preparations for a nuclear war. This madness here in Europe must be stopped,” Szijjarto urged.

Hungary has consistently expressed its opposition to the ever-growing involvement of the US-led NATO bloc – and of the EU – in the Ukrainian conflict, refusing to send arms to prop up Kiev or to train its troops, and forbidding use of its territory to funnel such shipments from third countries.

Budapest has also publicly spoken out against the potential accession of Ukraine into NATO, which has long been one of the key goals of Ukrainian leadership.

May 03, 2024 at 12:03AM
RT

Most Popular Articles