Hungarian PM Magyar seeks to unblock frozen EU funds amid Russian energy reliance and Ukraine issues (euobserver.com)

• Meeting between Magyar and von der Leyen on 29 May 2026
• Over €10.4bn in Covid recovery funds frozen; €6.5bn grants, €3.9bn loans
• Russian crude accounted for over 90% of Hungarian oil imports by 2025
• EU RepowerEU deadline 2027; Hungary targets 2035 for energy independence
• 27 super milestones for judicial independence and anti-corruption
• Hungary's veto on Ukraine EU membership tied to minority rights in Transcarpathia

"Hungarian Prime Minister Péter Magyar will meet European Commission President Ursula von der Leyen on 29 May 2026 to discuss unfreezing over €10.4bn in EU Covid recovery funds tied to conditions including phasing out Russian energy and judicial reforms. Russian crude accounted for over 90% of Hungary's oil imports by 2025. Magyar aims to end dependency by 2035, while EU's RepowerEU target is 2027. Hungary also risks losing €17bn in rule-of-law related funds."