Skip to content
Search

Latest Stories

What We're Watching

The EU stares down Orban

Hungary's Prime Minister Viktor Orban and Luxembourg Prime Minister Luc Frieden attend a European Union summit in Brussels, Belgium February 1, 2024.

Hungary's Prime Minister Viktor Orban and Luxembourg Prime Minister Luc Frieden attend a European Union summit in Brussels, Belgium February 1, 2024.

REUTERS/Johanna Geron

Serial political blackmailer Viktor Orban, Hungary’s prime minister, upset other EU leaders in December by vetoing a plan meant to provide Ukraine with a multi-year €50 billion EU aid package. The EU must, Orban insisted, pledge to revisit the plan each year the money was scheduled for disbursement – with any member retaining the right to veto the plan midstream.


This is money Kyiv needs to keep the lights on, and to pay pensions and salaries, as its war with Russia grinds on. Growing uncertainty over the future of US aid for Ukraine tied to America’s November elections added urgency to the request.

Leaders of the other 26 EU member states had decided that Orban wanted to use future veto threats to give himself more long-term negotiating leverage to win new EU concessions, and at a summit meeting on Thursday, they drew a line. Possibly in exchange for quicker disbursement of the remainder of €20 billion in EU funds already earmarked for Hungary – money currently locked up over corruption and human rights concerns – Orban accepted a plan that allows for future reviews of the Ukraine plan, but without a future veto.

In short, the EU played hardball, and Orban caved.

More For You

​U.S. President Donald Trump walks as he arrives back at the White House in Washington, D.C., U.S., March 15, 2026.

U.S. President Donald Trump walks as he arrives back at the White House in Washington, D.C., U.S., March 15, 2026.

REUTERS/Aaron Schwartz
Trump demands global help to reopen the Strait of HormuzTwo weeks into his war against Iran, the US president is now calling on other countries to send forces to help secure the Strait of Hormuz. At the moment, Iran is allowing only a handful of (mostly China-bound) tankers to pass through without threat of mines, drones, or missile attacks. [...]
​Mexicans participate in an attempt to set a new Guinness World Record, where organisers aim to break the mark for the world's largest football (soccer) lesson as part of efforts to promote the country ahead of the 2026 FIFA World Cup, at Zocalo square in Mexico City, Mexico, March 15, 2026.

Mexicans participate in an attempt to set a new Guinness World Record, where organisers aim to break the mark for the world's largest football (soccer) lesson as part of efforts to promote the country ahead of the 2026 FIFA World Cup, at Zocalo square in Mexico City, Mexico, March 15, 2026.

REUTERS/Quetzalli Nicte-Ha
9,500: The number of people in Mexico City who participated in a soccer training session on Sunday, smashing a Guinness World Record as part of a campaign ahead of the World Cup in June. The event surpassed the previous record set in Seattle last year, when 1,038 people had a kickabout.2,000: The distance between Iran and Bangladesh, where [...]
​Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.

Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.

Sputnik/Alexander Shcherbak/Pool via REUTERS
Trump relaxes Russian oil sanctionsThe US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily [...]
A foreign tanker carrying Iraqi fuel oil damaged following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, on March 12, 2026.​

A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq's territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, on March 12, 2026.

REUTERS/Mohammed Aty
Iran’s focus: closing the StraitThe Islamic Republic will continue its efforts to block the Strait of Hormuz, according to a statement this morning attributed to new Supreme Leader Mojtaba Khamenei. The statement highlights Tehran’s strategy: identify easier targets (the Strait is narrow) that have maximum impact. Speaking of which, Iraq suspended [...]