EU Budget Chief Proposes 50 Billion Euro Deal for Ukraine, Despite Opposition from Hungary

EU leaders are expected to reach a deal on providing 50 billion euros ($54 billion) in financial support to Ukraine this week, as it will be part of a larger package that includes benefits for Hungary, which had threatened to block the aid. The EU wants to revise its budget to add 33 billion euros in loans and 17 billion in grants for Ukraine, ensuring the country has the necessary financing amid its conflict with Russia. Hungary, which has questioned the amount and placement of the funds, is likely to agree due to its own interests and the inclusion of additional funds for migration and border protection. The EU's alternative plan, if Hungary blocks the use of the common EU budget, could involve other member states providing the money through an intergovernmental agreement.