EU summit agrees €50 billion support for Ukraine regardless of Hungary’s veto menace | EUROtoday

Get real time updates directly on you device, subscribe now.

European Union leaders unanimously agreed on Thursday to increase 50 billion euros in support to Ukraine, the chairman of the summit mentioned, overcoming weeks of resistance from Hungary.

Issued on: Modified:

2 min

As doubts swirl over future help from Ukraine’s different main ally the United States, the European Union deal is a big enhance for Kyiv as Russia’s struggle nears the beginning of its third 12 months.

“We have a deal. Unity,” mentioned European Council President Charles Michel in a publish on X. “All 27 leaders agreed on an additional 50 billion euro support package for Ukraine within the EU budget.”

The announcement got here regardless of staunch objections from Hungary in December and within the days main as much as Thursday’s summit in Brussels.

It was not instantly clear if any concessions had been made to safe Hungarian Prime Minister Viktor Orban’s approval.

Michel mentioned that the transfer “locks in steadfast, long-term, predictable funding for Ukraine,” and demonstrates that the “EU is taking leadership and responsibility in support for Ukraine; we know what is at stake.”

Ukraine’s President Volodymyr Zelensky hailed the deal in a social media publish, saying the bundle would “strengthen the long-term economic and financial stability” of his nation.

“It is very important that the decision was made by all 27 leaders, which once again proves strong EU unity,” Zelensky  wrote on X.

Orban – Russia’s closest ally within the EU – sparked fury from his 26 counterparts within the bloc by thwarting a December deal on the help.

Thursday’s talks had been anticipated once more to see hours of protracted political arm-wrestling however a deal was swiftly introduced after Orban met first with the leaders of Germany, France, Italy and the EU establishments.

“He gave some ground,” mentioned one European diplomat. “He saw that people were growing irritated, that there was a line not to cross.”

While there was no suggestion of a direct quid-pro-quo, Orban did win assurances that Brussels would deal with the query of Budapest’s blocked funds price 20 billion euros with impartiality, the diplomat mentioned.

The cash pledged to Kyiv will plug holes within the Ukrainian authorities’s funds to permit it to pay salaries and companies, as its outgunned troopers battle to carry again Moscow’s forces.

Ukraine’s financial system minister mentioned Kyiv expects to obtain the primary tranche of 4.5 billion euros ($4.9 billion) from the EU in March.

(FRANCE 24 with AP, Reuters)