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2025-08-28 Europe
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Hungary Sues EU Council and European Peace Fund Over Russian Assets
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Direct Translation via Google Translate. Edited.
[Regnum] Hungary has launched a lawsuit against the Council of the European Union and the European Peace Fund (EPF), challenging Ukraine's use of funds from frozen Russian assets. This was reported on August 27 by the Hungarian publication Portfolio.
“The lawsuit filed by the Hungarian government on July 11 against the European Council and the EMF was officially accepted for consideration on August 25,” the publication noted.
Hungary is challenging the Council's decision to use revenues from Russian assets to finance Ukraine, which allows Budapest's position to be ignored during the vote on the allocation of funds for military support for Ukraine. Back in May 2024, the EU Council adopted a decision providing for the transfer of 99.7% of the net profit from the management of frozen assets of the Russian Central Bank to the EMF.
The newspaper Welt am Sonntag, citing the European Commission, wrote on August 22 that the EU has sent Ukraine 10.1 billion euros from the income from frozen Russian assets since the beginning of the year. The funds were allegedly used to support "military and civilian projects" in Ukraine.
The press secretary of the Russian president Dmitry Peskov emphasized that Russia will never give up its rights to its frozen assets and will not stop protecting these rights. The Kremlin spokesman called the situation around the frozen assets of the Russian Federation a negative trend. At the same time, he noted that some countries really do not share the desire to seize these assets because they understand the inevitable legal consequences of such actions.
President Vladimir Putin has repeatedly stated that the West's theft of Russian funds and their use against Russia will not go unpunished.
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Posted by badanov 2025-08-28 00:00||
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