AIRLINK 182.26 Decreased By ▼ -0.45 (-0.25%)
BOP 10.21 Decreased By ▼ -0.24 (-2.3%)
CNERGY 8.45 Increased By ▲ 0.02 (0.24%)
CPHL 94.70 Increased By ▲ 0.49 (0.52%)
FCCL 46.80 Increased By ▲ 0.52 (1.12%)
FFL 16.15 Decreased By ▼ -0.03 (-0.19%)
FLYNG 28.70 Increased By ▲ 0.15 (0.53%)
HUBC 144.50 Decreased By ▼ -1.28 (-0.88%)
HUMNL 12.80 Decreased By ▼ -0.23 (-1.77%)
KEL 4.38 Decreased By ▼ -0.03 (-0.68%)
KOSM 6.13 Increased By ▲ 0.34 (5.87%)
MLCF 67.75 Increased By ▲ 0.45 (0.67%)
OGDC 215.12 Increased By ▲ 1.84 (0.86%)
PACE 6.18 Increased By ▲ 0.10 (1.64%)
PAEL 47.40 Decreased By ▼ -0.44 (-0.92%)
PIAHCLA 17.68 Decreased By ▼ -0.11 (-0.62%)
PIBTL 9.95 Increased By ▲ 0.03 (0.3%)
POWER 14.58 Increased By ▲ 0.32 (2.24%)
PPL 171.70 Increased By ▲ 1.04 (0.61%)
PRL 33.76 Decreased By ▼ -0.24 (-0.71%)
PTC 22.15 Decreased By ▼ -0.08 (-0.36%)
SEARL 95.59 Increased By ▲ 0.55 (0.58%)
SSGC 41.71 Decreased By ▼ -0.39 (-0.93%)
SYM 16.00 Increased By ▲ 0.39 (2.5%)
TELE 7.74 Increased By ▲ 0.27 (3.61%)
TPLP 10.12 Increased By ▲ 0.13 (1.3%)
TRG 67.53 Increased By ▲ 0.64 (0.96%)
WAVESAPP 9.89 Increased By ▲ 0.01 (0.1%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
YOUW 3.95 Increased By ▲ 0.12 (3.13%)
AIRLINK 182.26 Decreased By ▼ -0.45 (-0.25%)
BOP 10.21 Decreased By ▼ -0.24 (-2.3%)
CNERGY 8.45 Increased By ▲ 0.02 (0.24%)
CPHL 94.70 Increased By ▲ 0.49 (0.52%)
FCCL 46.80 Increased By ▲ 0.52 (1.12%)
FFL 16.15 Decreased By ▼ -0.03 (-0.19%)
FLYNG 28.70 Increased By ▲ 0.15 (0.53%)
HUBC 144.50 Decreased By ▼ -1.28 (-0.88%)
HUMNL 12.80 Decreased By ▼ -0.23 (-1.77%)
KEL 4.38 Decreased By ▼ -0.03 (-0.68%)
KOSM 6.13 Increased By ▲ 0.34 (5.87%)
MLCF 67.75 Increased By ▲ 0.45 (0.67%)
OGDC 215.12 Increased By ▲ 1.84 (0.86%)
PACE 6.18 Increased By ▲ 0.10 (1.64%)
PAEL 47.40 Decreased By ▼ -0.44 (-0.92%)
PIAHCLA 17.68 Decreased By ▼ -0.11 (-0.62%)
PIBTL 9.95 Increased By ▲ 0.03 (0.3%)
POWER 14.58 Increased By ▲ 0.32 (2.24%)
PPL 171.70 Increased By ▲ 1.04 (0.61%)
PRL 33.76 Decreased By ▼ -0.24 (-0.71%)
PTC 22.15 Decreased By ▼ -0.08 (-0.36%)
SEARL 95.59 Increased By ▲ 0.55 (0.58%)
SSGC 41.71 Decreased By ▼ -0.39 (-0.93%)
SYM 16.00 Increased By ▲ 0.39 (2.5%)
TELE 7.74 Increased By ▲ 0.27 (3.61%)
TPLP 10.12 Increased By ▲ 0.13 (1.3%)
TRG 67.53 Increased By ▲ 0.64 (0.96%)
WAVESAPP 9.89 Increased By ▲ 0.01 (0.1%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
YOUW 3.95 Increased By ▲ 0.12 (3.13%)
BR100 12,728 Increased By 52.2 (0.41%)
BR30 38,143 Increased By 3.6 (0.01%)
KSE100 118,660 Increased By 230.1 (0.19%)
KSE30 36,540 Increased By 136.4 (0.37%)

BUDAPEST: Pressure is mounting on Hungary to ratify Sweden’s bid to join NATO after Budapest finally joined other European Union states in agreeing on new aid to Ukraine.

Prime Minister Viktor Orban said on Friday he “went to the wall” for his country before agreeing to the EU deal worth 50 billion euros ($54 billion) at a summit in Brussels on Thursday after weeks of resistance.

Hungary had been the only one of the 27 EU member states not to back the deal at a December summit.

It is also the only NATO country that has not yet ratified Stockholm’s membership application, a process that requires the backing of all members.

Orban, who has better ties with Russia than other EU states and most NATO members, says his government backs Sweden joining the alliance.

Now he faces pressure from abroad to accelerate the process.

Opposition lawmakers have called an extraordinary session of parliament for Monday to put Sweden’s NATO accession on the agenda.

But lawmakers in Orban’s governing Fidesz party told Reuters on Thursday they would “wait” with a final vote until a meeting of Orban and Swedish Prime Minister Ulf Kristersson.

Orban’s press chief did not respond to a Reuters query on Friday on when the meeting might take place.

Orban has a commanding majority in parliament which he has often used to ram through legislation, in some cases overnight, with his ruling party’s lawmakers rubber-stamping policy changes.

Pressure rose on Orban to speed up the Swedish ratification process after senior US lawmakers said they wanted Hungary to immediately approve Sweden’s accession, suggesting Budapest risks permanent damage to its relationship with Washington if it does not act.

“To the wall”

Hungary has not overtly made any demands of NATO as it drags its feet on approving Sweden’s accession.

Agreement on the EU aid for Ukraine finally came quickly on Thursday after the long resistance by Hungary, which has refused to send weapons to Ukraine since Russia’s full-scale invasion and whose relations with Ukraine have been marred by tension over the treatment of 150,000 ethnic Hungarians living in western Ukraine.

Orban has been a vocal critic of the EU’s financial and military support for Kyiv and has maintained ties with the Kremlin throughout the war.

Macron leaves angry farmers for soon-to-be NATO member Sweden

“I went to the wall,” Orban said in a radio broadcast.

“If this deal had not been reached and Hungary had continued to use its right of veto then 26 member states would have agreed to send the money to Ukraine and would have taken away the funds earmarked for Hungary and sent that to Ukraine as well – why would that have been good?”.

Under EU practices, it is not possible for money allotted to a member state in the EU budget, or in what is known as the recovery fund, to be taken away and given to a country outside the EU.

After freeing up access to some tranches of EU funds in December to Hungary, the EU executive, the European Commission, is still withholding some 20 billion euros from Budapest over widespread accusations that Orban has damaged democracy at home during his 13 years in power.

His government rejects these allegations.

Comments

Comments are closed.