EU Commits $54 Billion Aid Package for Ukraine, Hungary Excluded
TL;DR Summary
The European Union has agreed on a new 50-billion-euro ($54bn) aid package for Ukraine, despite threats from Hungary to veto the move. The aid package, which will run through to 2027, aims to provide long-term economic and financial stability for Ukraine as it continues its war with Russia. The EU's decision to block Hungary's access to some of the bloc's funds led to Orban's veto, but after negotiations, Hungary lifted its veto in exchange for guarantees about the use of the funds. The EU's unity in providing this aid sends a strong message of support to Ukraine and demonstrates its commitment to standing behind the country in the long term.
- European Union agrees on new $54bn aid package for Ukraine Al Jazeera English
- EU Agrees to $54 Billion Fund for Ukraine The New York Times
- Ukraine: EU agrees $50bn funding deal CNN
- European Union approves $54 billion aid for Ukraine as Hungary drops opposition NPR
- Ukraine war live updates: EU agrees $54 billion aid package for Kyiv; Orban says Hungary's funds excluded from deal CNBC
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