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EU summit agrees €50 billion aid for Ukraine despite Hungary’s veto threat

In Europe, World
February 01, 2024

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

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

The announcement came despite staunch objections from Hungary in December and in the days leading up to Thursday’s summit in Brussels.

It was not immediately clear if any concessions were made to secure Hungarian Prime Minister Viktor Orban‘s approval. 

Michel said that the move “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.”

Ukrainian Prime Minister Denys Shmygal hailed the deal in a social media post, thanking member states for their “solidarity” and “unity”.

“Each of your votes is a significant contribution to our joint victory,” Shmygal wrote on X.

(FRANCE 24 with AP, Reuters)

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