Hungary has formally rejected the European Commission’s proposal to issue Eurobonds for Ukraine, dealing a significant setback to the EU’s backup funding plan as debates continue over using frozen Russian assets. Brussels had floated the Eurobond option as an alternative if its $190-billion reparations-loan scheme failed, but the plan requires unanimous approval, giving Hungary effective veto power. The dispute comes as divisions deepen within the EU, with Belgium also warning of legal risks linked to the Russian asset plan. The tension escalated further as Prime Minister Viktor Orbán harshly criticized the EU over corruption, drawing parallels between scandals in Brussels and Ukraine.