"Hungary can hold G7 debt for Ukraine of $50 billion until U.S. election"

Written by Kyle Anzalone via The Libertarian Institute,

The Hungarian government announced that it would search to prevent a vote on the European Union's participation in a debt of $50 billion to the Group of 7 (G7) for Ukraine. The G7 will usage investments and interest from frozen Russian funds to repay loans.

Finance Minister Mihaly Varga explained that Budapest wants this issue to be resolved within the EU after the US elections. "We believe that this issue, the extension of Russian sanctions, should be decided after the US elections. We gotta seeThe future U.S. administration will go in what direction"He said.

A $50 billion debt is simply a plan developed by Washington and its allies in the G7 to supply Ukraine with a crucial inflow of cash without direct origin from the Western government. The debt terms foretell that Ukraine will receive $50 billion and then G7 countries, which will frost a full of $200 billion in frozen Russian funds, will usage generated interest to repay the loan.

However, Moscow's money is frozen under EU sanctions against Russia.These sanctions are renewed all six months and the repayment of loans will take respective years.The White home refused to sign the debt until the EU extended sanctions against Russia for at least 3 years.At the beginning of this month, Western officials said they thought the debt could be approved in October, meaning Kiev would have access to funds by the end of the year.The Budapest blockade will hold the debt by at least a week.It is unclear what Hungarian Prime Minister Viktor Orbán hopes to change by delaying the debt by a fewer weeks.Orbán attempted to make conditions so that Russia and Ukraine could sit at the negotiating table, but without much success.The Hungarian leader spoke to erstwhile president Donald Trump and believes that he may effort to end the conflict between Msocvo and Kiev if he returns to office.According to Prime Minister Orbán of this week: Speaking at a press conference in Strasbourg on Tuesday, Orbán said that if Trump beats his Democratic rival Kamala Harris, “he will not wait until the inauguration ceremony... to manage the peace” in Ukraine.Trump "will act immediately, so we as European leaders have no time to waste due to the fact that there will be 2 or 3 months, as usual between the elections and the inauguration of the fresh president," said Orbán.He called on European leaders "to respond intellectually, philosophically, then strategically and then at the level of action as rapidly as possible."

Ttime EU leaders powerfully criticized Orbán for having besides close relations with Russia and China...

RT writes: "Orbán besides pointed out the differences in abroad policy between the current politician administration and Trump's squad and acknowledged that rooting for the GOP candidate".

Orbán's expectations that Trump will effort to end the war may be missed. As president Trump importantly increased Washington's support for Kiev, sending military aid to Ukraine. Moreover, early this year Trump played a key function in breaking the deadlock in legislature on the $95 billion abroad Military Aid Act, which authorized over $60 billion for Ukraine.