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Home World Europe

Hungary would hurt EU taxpayers by lifting Russia sanctions, warns Estonia

19 April 2025
in Europe
Hungary would hurt EU taxpayers by lifting Russia sanctions, warns Estonia
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Estonia’s Foreign Minister Margus Tsahkna warned that Hungary’s Viktor Orbán could increase the financial burden on European taxpayers by pushing for the lifting of EU sanctions on €210bn of frozen Russian assets. If sanctions lapse, the EU and G7 would be liable for multibillion-euro loans to Ukraine backed by these assets, with Tsahkna stressing the need for a legal framework to manage the situation. He supports seizing the assets instead of leaving them frozen, acknowledging Belgium’s hesitance due to potential legal risks and the complexity of negotiations with Hungary.

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Tags: EstoniaHungaryHurtliftingRussiasanctionsTaxpayersWarns
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