EU leaders seal deal for $54B Ukrainian aid package despite Hungary’s veto threat

The package is crucial for supporting Ukraine’s efforts in resisting Russia’s invasion, covering various needs from economic recovery to humanitarian aid

European Council President Charles Michel Thursday announced that 27 European Union countries finally locked a deal to provide Ukraine with a new 50-billion-euro ($54 billion) aid package despite veto threats from Hungary.

“We have a deal,” Michel announced on X, formerly known as Twitter.

“All 27 leaders agreed on an additional 50 billion euros support package for Ukraine within the EU budget. This locks in steadfast, long-term, predictable funding for Ukraine EU is taking leadership and responsibility in support for Ukraine,” the EU leader said, adding that the leaders know what is at stake.

https://twitter.com/CharlesMichel/status/1753001809268920719

The 50 billion euro aid package aims to cover Ukraine’s financial needs from 2024 to 2027, with 33 billion euro in low-interest loans and 17 billion euro in grants from the EU budget.

The aid package is crucial for supporting Ukraine’s efforts in resisting Russia’s invasion, covering various needs from economic recovery to humanitarian assistance. 

The EU leaders’ summit was a pivotal moment for resolving this impasse and ensuring that the aid reaches Ukraine expeditiously, a war-torn country reeling from the economic crisis.

Source: Newsroom

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