Brussels threatens to hit Hungary's economy if Orban vetoes Ukraine aid - FT

FILE PHOTO: Hungarian Prime Minister Victor Orban attends a roundtable during the summit between leaders of the European Union (EU) and the Community of Latin American and Caribbean States (CELAC), in Brussels, Belgium July 17, 2023. REUTERS/Johanna Geron

(Reuters) - The European Union will sabotage Hungary's economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels, the Financial Times reported on Sunday.

Brussels has outlined a strategy to explicitly target Hungary's economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt "jobs and growth" if Budapest refuses to lift its veto on the aid to Kyiv, the newspaper reported, citing a document drawn up by EU officials.