EU leaders to meet Hungary’s PM over Ukraine aid package
The 50 billion euro aid package aims to cover Ukraine’s financial needs from 2024 to 2027
European Union leaders find themselves in a diplomatic standoff with Hungary and its Prime Minister, Viktor Orbán, over a crucial 50 billion euro aid package earmarked for Ukraine.
Hungary stands alone among the 27 EU member states in opposing the aid package, raising concerns about the swift and effective provision of support to Ukraine during its conflict with Russia.
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, scheduled for Thursday, will be a pivotal moment for resolving this impasse and ensuring that the aid reaches Ukraine expeditiously.
The outcome of the summit will not only impact the immediate aid delivery but also shape the EU’s approach to handling internal divisions on matters of international consequence.
Source: Newsroom
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