Ukraine

The EC is willing to concede on some of Hungary’s demand for Ukraine aid. The concessions include a potential annual audit of the aid and the introduction of an emergency brake clause. That would allow any country to put serious concerns about Ukraine payouts up for discussion. The EC may also include a review of the support package next year to evaluate whether Ukraine still needs cash and meets the requirements for EU aid. Hungary PM Orban blocked some EUR 50 bln in the 4Y EU economic assistance package but has recently signaled his readiness to lift the veto.