Hungary Blocks European Peace Facility Payments Until Ukraine Resumes Oil Transit

The Hungarian government has taken a decisive step following Kyiv’s decision to halt Lukoil’s oil shipments to Hungary and Slovakia via Ukraine. According to Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó, Budapest will block payments from the European Peace Facility, amounting to approximately €6.5 billion, until Kyiv restores uninterrupted oil transit.