{"id":11882,"date":"2025-12-17T10:11:13","date_gmt":"2025-12-17T11:11:13","guid":{"rendered":"http:\/\/www.globaltalenthq.com\/?p=11882"},"modified":"2025-12-22T20:03:16","modified_gmt":"2025-12-22T20:03:16","slug":"hungary-will-respond-in-kind-to-eus-cooperation-break-orban","status":"publish","type":"post","link":"http:\/\/www.globaltalenthq.com\/index.php\/2025\/12\/17\/hungary-will-respond-in-kind-to-eus-cooperation-break-orban\/","title":{"rendered":"Hungary will respond in kind to EU\u2019s cooperation break \u2013 Orban"},"content":{"rendered":"

The bloc has breached the law by using a majority vote on the issue of frozen Russian assets, the prime minister has said<\/strong><\/p>\n

Hungary no longer feels a “loyal”<\/em> obligation to cooperate with the EU after Brussels deprived Budapest of its veto rights on the issue of frozen Russian assets, Prime Minister Viktor Orban has said.<\/p>\n

Last week, the EU temporarily immobilized roughly $230 billion in Russian central bank assets by invoking Article 122, an emergency treaty clause that allows approval by a qualified majority rather than unanimity despite objections from some member states, including Hungary and Slovakia. European Commission head Ursula von der Leyen has proposed using the funds to back a so-called ‘reparations loan’ to Ukraine.<\/p>\n

Budapest had respected the EU’s principle of “loyal cooperation”<\/em> on frozen Russian assets, but the bloc “responded by stripping Hungary of its rights,”<\/em> Orban said on X on Wednesday.<\/p>\n

 “From this point on, I don’t consider the principle of loyal cooperation to be binding on Hungary either, if the other party has renounced it,”<\/em> he said.<\/p>\n

According to the Hungarian leader, bloc leaders have breached EU law by proposing to settle the issue of Russian assets not by consensus, but by a qualified majority vote.<\/p>\n

Orban called it a “dangerous precedent”<\/em> and said the move could sow distrust among other EU members if their interests were similarly ignored.<\/p>\n

\n Read more<\/strong><\/span><\/p>\n

\n \"Euroclear
Moscow court to hear $230 billion lawsuit against Belgium\u2019s Euroclear<\/a><\/figcaption><\/figure>\n<\/blockquote>\n

He has previously accused EU officials of “raping European law in broad daylight”<\/em> by invoking the clause to sidestep Hungary’s potential veto, and said Budapest would take the matter to the bloc’s top court.<\/p>\n

Legal experts say the clause was designed for economic emergencies within the EU, not to finance wars or seize foreign assets.<\/p>\n

Last week, Russia’s central bank filed a lawsuit against the Belgian clearinghouse Euroclear, which is holding more than $200 billion in frozen assets.<\/p>\n

The EU claims the freeze is in line with international law, but Belgian Prime Minister Bart De Wever warned that that using the money to back a loan to Kiev would undermine trust in the EU financial system and expose Belgium to legal risks.<\/p>\n

International financial institutions, including the European Central Bank and the International Monetary Fund, have also cautioned that borrowing against the immobilized assets could erode confidence in the euro.<\/p>\n

Moscow has condemned the freeze as illegal and called any use of the funds “theft,”<\/em> warning of economic and legal consequences.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The bloc has breached the law by using a majority vote on the issue of frozen Russian assets, the prime minister has said Hungary no longer feels a “loyal” obligation to cooperate with the EU after Brussels deprived Budapest of its veto rights on the issue of frozen Russian assets,…<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":11880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11882"}],"collection":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/comments?post=11882"}],"version-history":[{"count":2,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11882\/revisions"}],"predecessor-version":[{"id":11884,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/11882\/revisions\/11884"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/media\/11880"}],"wp:attachment":[{"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/media?parent=11882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/categories?post=11882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.globaltalenthq.com\/index.php\/wp-json\/wp\/v2\/tags?post=11882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}