The European Union needs to rethink its support for Ukraine following Donald Trump's U.S. election victory, Hungarian Prime Minister Viktor Orban said before a summit of EU leaders on Friday, adding that Europe cannot finance the war alone.

Ukraine has historically depended on foreign humanitarian and military aid to resist Russia's two-year invasion, with the U.S. and the EU providing the lion's share of this assistance.

The long-serving prime minister, a champion of ‘illiberal democracy,’ has been politically isolated in much of Europe. But he has found common ground with the former and soon-to-be new U.S. president.

Europe and the United States face tough talks on trade after Donald Trump's U.S. election victory, Hungarian Prime Minister Viktor Orban said on Thursday. "The trade issue with the U.S. will come up and it will not be easy,

Mr Viktor Orban has angered the European Union with his close ties to Russia and opposition to Ukraine aid. Read more at straitstimes.com.

Orban, who has grown increasingly isolated within the EU for his ties with Russia and opposition to military aid for Ukraine, has praised Trump as a "man of peace" who would quickly end the war. The two spoke by phone late on Wednesday, and Orban posted on social media: "We have big plans for the future".

Hungarian Prime Minister Viktor Orban, fresh from celebrating Donald Trump's presidential win, savoured his moment in the spotlight Thursday as he welcomed more than 40 European leaders to Budapest for a summit.