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Europe proposes to suspend budget funds for Hungary


Europe proposes to suspend budget funds for Hungary

Brussels, Sept 18 (Prensa Latina) The European Commission (EC) on Sunday proposed to suspend the assignment of some 7.5 billion euros that had been allocated to Hungary as cohesion funds from this bloc's budget.

The relations between Hungary and the European Union have strained for months due to the stance taken on by the Hungarian government regarding the bloc’s sanctions against Russia on the sale of gas to European customers.

Recently, Hungarian authorities concluded a deal with the Russian energy giant Gazprom in order to increase the September and October deliveries, precisely when Europe is amid an energy crisis and the fall is upon them.

According to the EC, this decision is based on the conditionality mechanism that allows to freeze the funds of a member of the European Union (EU) if it believes the resources given will not be used properly.

Activated on April 27, 65 percent of three operational programs would not be implemented due to this decision.


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