Ukraine faces a financial crisis if a loan isn’t approved by May, as their resources are drained from prolonged conflict. Though a summit last month aimed to address it, Orbán and Slovakia’s Prime Minister Robert Fico demanded assurance on oil flow before releasing funds.
No further meetings are needed to resolve the loan issue. Magyar indicated a decision could occur before his government officially takes power within the month.
Hungary may not block the loan but will not contribute financially.
Magyar stated, “I will discuss with European leaders but believe Hungary should opt out, as our economic situation is precarious. The budget deficit has tripled since 2010.”
A former ally of Orbán, Magyar secured a two-thirds parliamentary supermajority, ending his former boss’ 16-year tenure. He plans to tackle corruption and condemned the current government for its “treasonous” Russia support.
While transitioning power, Orbán will remain as caretaker but shouldn’t overreach, said Magyar.
Gabriel Gavin reported from Brussels.
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