X @Nick Szabo

Geopolitical Risk Aversion - The Hungarian government claims to have averted the immediate risk of war by preventing Europe from issuing a declaration of war on Russia using Russian assets [1] - Hungary, Slovakia, and the Czech Republic (V3 cooperation) have decided not to participate in granting a war loan to Ukraine [2] - The Hungarian government states it will not allow Hungarian taxpayers' money to be used to finance Ukraine [3] Financial Implications - The Hungarian government claims that participating in the plan to use Russian assets would have imposed a financial burden of 1 trillion HUF (Hungarian Forint) on Hungary [1] - Hungary's share of the proposed war loan to Ukraine would have been more than 400 billion HUF [2] - Other European countries may have to cover the repayment of the €90 billion loan to Ukraine if Ukraine is unable to repay [2]