EU Breaks Hungarian Veto, Approves £43bn Aid for Kyiv in Ukraine-Russia War
In a significant diplomatic breakthrough, the European Union has successfully reached a unanimous agreement to allocate a €50 billion (£43 billion) support package to Ukraine. The decision comes after months of Hungary's refusal to support the aid, causing delays and tensions within the bloc.
European Council President Charles Michel made the announcement in the opening minutes of a crucial meeting of EU leaders in Brussels. The breakthrough was achieved after Hungary's Prime Minister, Viktor Orban, engaged in discussions with the EU's top leaders to address the concerns that had led to the prolonged blockage of financial support.
"We have a deal. All 27 leaders agreed on an additional €50 billion support package for Ukraine within the EU budget," stated Mr. Michel. "This locks in steadfast, long-term, predictable funding for Ukraine. The EU is taking leadership and responsibility in support of Ukraine; we know what is at stake."
The agreement marks the end of a protracted standoff between Hungary and the EU. At one point during the negotiations, Prime Minister Orban accused the bloc of attempting to "blackmail" him, underscoring the intensity of the discussions and the divergent views within the European Union.
Earlier discussions today involved Hungary's leader sitting down with the EU's top five leaders to address the concerns that led to the prolonged deadlock. The financial aid package required unanimous approval from all 27 EU member states to move forward, making Hungary's support crucial for the deal's success.
The €50 billion support package is seen as a critical step in aiding Ukraine, which has been facing significant challenges, both economically and politically. The funds are expected to contribute to stabilizing the situation in the region and supporting Ukraine in its efforts to address various pressing issues.
The successful resolution of this diplomatic impasse underscores the EU's commitment to solidarity and cooperation, especially in times of crisis. As tensions persist globally, the European Union's unified approach to supporting Ukraine sends a strong message about the importance of international cooperation and assistance in the face of complex geopolitical challenges.
