Ukraine Secures Victory: EU Unlocks €50 Billion Aid with Unanimous Vote

Written by Henrik Rothen

Feb.01 - 2024 1:28 PM CET

EU Unlocks €50 Billion Aid with Unanimous Vote.

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The European Union's 27 member states reached a consensus on Thursday regarding a €50 billion aid package for Ukraine for the next four years, previously stalled by Hungarian Prime Minister Viktor Orban.

European Council President Charles Michel announced the breakthrough at the start of an extraordinary summit in Brussels, as reported by international press agencies according to Ziare.

"Unity. All 27 leaders have agreed on an additional envelope of €50 billion to support Ukraine within the EU budget. This agreement ensures stable, predictable, and long-term funding for Ukraine," the top European official posted on X, formerly known as Twitter.

The European aid for Ukraine, comprising €33 billion in loans and €17 billion in grants, has been incorporated into an amendment to the EU budget running until 2027.

This financial support is crucial for Kyiv to keep its economy afloat, especially as a US aid package remains stalled in Congress.

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