The EU is preparing a blow to Hungary's economy if it again blocks aid to Ukraine at the February 1 summit. The Financial Times reports this with reference to a draft document drawn up in Brussels.
In the event of a new Hungarian demarche, EU leaders will have to publicly promise to cut off funding to Budapest "forever."
This could "scare the markets, provoke a flight of the forint from the country and a sharp increase in the cost of its borrowing."
The purpose of these measures is to "target Hungary's economic weaknesses, jeopardize its currency and cause a collapse in investor confidence." And also "to harm jobs and economic growth".
Commenting on this publication, Hungary's Minister for EU Affairs János Boka said that "Budapest will not succumb to blackmail."
According to him, Brussels uses access to EU funds to exert political pressure.
"Hungary sees no connection between support for Ukraine and access to EU resources and will not allow others to do so," Boka said.
