Hungary sued the Council EU due to frozen Russian assets — Portfolio

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.