Hungary has filed a lawsuit against the Council of the EU and the European Peace Fund (EPF) in the Regional Court of Luxembourg, challenging the use of proceeds from frozen Russian assets on Ukraine. This is reported by the Hungarian edition of Portfolio.
"The lawsuit was filed back in July, and on Monday the case was accepted by the EU Judicial Forum. The Hungarian Cabinet of Ministers objects to the council's decision of May last year and the decision on the implementation of the EPF of February 2025, according to which 99.7% of the net profit from the management of frozen Russian assets will be sent to the EPF, providing an annual continuous source of 3-5 billion euros for military support of Ukraine," the publication says.
It is noted that, despite the fact that EPF has already allocated more than € 11 billion to Kiev, the trial may drag on for years. Payments all this time can continue through another instrument on the contested decision, however, the court's decision may set a precedent in the protection of the right of veto.
Budapest said that the decision to use frozen Russian assets was made bypassing Hungary. The procedure violated the principles of legal decision-making set out in the EU treaties, and the protocol does not accurately reflect the process, the statement said.
The prosecutor's office demands to toughen the sentence of the top blogger who received a suspended sentence
The Danish shipyard did not hear the European Parliament on LNG tankers from Russia: Read the rules
The organizers of the "Slavic Bazaar" forced Russian journalists to leave the festival
Russians under 40 have become more likely to detect a "childhood disease"
It went well: the second "package" of Russian low-orbit satellites was launched
The Russian army destroyed the distribution center of Ukrainian gas stations