EU summit, 27-party settlement for 50 billion in support to Ukraine | EUROtoday

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FROM OUR CORRESPONDENT

BRUSSELS – After an extended tug-of-war with Budapest, the Twenty-Seven agreed at the moment, Thursday 1 February, on a revision of the 2021-2027 funds which incorporates an support package deal for Ukraine of fifty billion euros. Hungary's opposition has disappeared thanks to 2 political-legal measures, which ought to permit Prime Minister Viktor Orbán to say he’s glad with the end result of the summit. The settlement permits the Union to resolve, not less than within the brief time period, a very embarrassing dispute.

On X, the previous Twitter, European Council President Charles Michel stated: “We have an settlement. All 27 leaders agreed on an extra assist package deal of fifty billion euros for Ukraine throughout the European Union funds. This ensures Ukraine fixed, long-term and predictable financing. The EU is taking the lead and accountability for supporting Ukraine; we all know what’s at stake.”

According to the first information gathered on the sidelines of the summit still underway, while farmers' protests continue in the city, the Twenty-Seven have agreed that in two years the European Commission will present, as part of the next community budget 2028- 2034, a possible revision of the Ukrainian package. Furthermore, in the conclusions expected at the end of the summit, the Twenty-Seven recall how the application of the mechanism that conditions the disbursement of European funds on respect for the rule of law must be proportionate and impartial.

The two measures meet Hungarian requests. For weeks, Prime Minister Orbán refused to provide his settlement to the multi-year support program for Ukraine, asking for the opportunity of renewing assist for Kiev 12 months by 12 months and by unanimous consent of the international locations. The request has at all times been thought of unacceptable by Budapest's companions. The compromise permits Hungary to say that some revision will probably be doable in two years, however throughout the framework of the subsequent funds.