EU to allocate €50 billion to Ukraine
Political
European Union leaders agreed at a summit in Brussels to allocate 50 billion euros in macro-financial aid to Ukraine, European Council President Charles Michel said on social network X.
According to the statement, all 27 leaders approved an additional 50 billion euros to support Ukraine under the EU's multi-annual budget. This will provide stable, long-term and predictable funding for Ukraine. The EU reaffirms its leadership and responsibility in supporting Ukraine.
The media reported that the summit participants also agreed to discuss the allocation of funds to Kiev annually and, if necessary, to review the assistance in two years' time.
Polish Prime Minister Donald Tusk said on social media that Hungarian Prime Minister Viktor Orban had been persuaded. Budapest's position was previously the main obstacle to the allocation of financial aid to Ukraine from the EU budget. According to the Financial Times, European leaders could publicly condemn Orbán's unconstructive behaviour at the summit and deny Hungary the unfreezing of funds from European funds.
Orban said that such a development would lead to a catastrophe. He noted that Europeans needed the 50bn euros as much as Ukrainians did, but suggested a compromise - not to allocate the entire amount at once for four years, but to approve the funding for Kiev annually and unanimously.
The media reported that the summit participants also agreed to discuss the allocation of funds to Kiev annually and, if necessary, to review the assistance in two years' time.
Polish Prime Minister Donald Tusk said on social media that Hungarian Prime Minister Viktor Orban had been persuaded. Budapest's position was previously the main obstacle to the allocation of financial aid to Ukraine from the EU budget. According to the Financial Times, European leaders could publicly condemn Orbán's unconstructive behaviour at the summit and deny Hungary the unfreezing of funds from European funds.
Orban said that such a development would lead to a catastrophe. He noted that Europeans needed the 50bn euros as much as Ukrainians did, but suggested a compromise - not to allocate the entire amount at once for four years, but to approve the funding for Kiev annually and unanimously.
Powered by Froala Editor