Published by Global Banking & Finance Review®
Posted on November 20, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on GoogleHungary's Foreign Minister urges the EU to stop funding Ukraine after corruption reports, calling for financial transparency. Two Ukrainian ministers were dismissed amid a corruption probe.
BRUSSELS (Reuters) -Hungary's Foreign Minister Peter Szijjarto on Thursday said the European Union should stop sending money to the Ukrainian government after corruption reports.
"There's a war mafia, a corrupt system working in Ukraine, and then the European Commission president ... instead of stopping the payments and demanding for immediate financial clearance, she wants to send another 100 billion to Ukraine. That is insane," he told reporters in Brussels before a meeting with his European Union counterparts.
Two Ukrainian ministers ensnared in a major corruption probe were fired on Wednesday by parliament, which has also called for more sweeping measures to restore faith in the country's leadership.
The investigation into an alleged $100 million plot to control contracting at the state nuclear agency has stirred fresh anger at pervasive graft, including in President Volodymyr Zelenskiy's inner circle.
Speaking in Brussels, Szijjarto added the outlook is not positive for Ukraine at the moment. "The time is not on the side of Ukraine. It is an illusion to say that the time is on the side of Ukraine," he said.
He added that his country would support U.S. President Donald Trump's peace initiatives.
(Reporting by Inti Landauro, Editing by Charlotte Van Campenhout)
Corruption refers to dishonest or unethical conduct by individuals in power, often involving bribery or the misuse of authority for personal gain.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
A financial institution is an organization that provides financial services, such as banks, credit unions, insurance companies, and investment firms.
Financial stability refers to a condition where the financial system operates effectively, with institutions able to withstand economic shocks and maintain confidence.
The European Union plays a significant role in financial matters by regulating financial markets, promoting economic stability, and providing funding for member states.
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