EU approves €50B aid for Ukraine as Viktor Orbán agrees to support

The EU has agreed to provide €50 billion to Kyiv in order to fulfill its aim. Ukrainian President Volodymyr Zelenskyy expressed his gratitude to Charles Michel and EU leaders for establishing the €50 billion Ukraine Facility. Zelenskyy emphasized the importance of EU financial support for Ukraine, stating that it will strengthen long-term economic and financial stability. The European leaders were able to persuade Orbán to support the aid package by adding three provisions, including an annual report by the European Commission, a leaders-level debate on implementation, and a potential review of the new budget in two years. Additionally, the EU leaders included a reference to earlier conclusions to ensure that the evaluation of the rule of law in Hungary is fair and objective.

The European Union (EU) has agreed to provide €50 billion to Ukraine as part of the newly established Ukraine Facility. Ukrainian President Volodymyr Zelenskyy expressed gratitude to EU leaders for their support, stating that continued financial assistance from the EU will strengthen long-term economic stability. The EU also managed to secure the approval of Hungarian Prime Minister Viktor Orbán by including additional provisions such as annual reports on aid implementation and a review of the budget in two years. Additionally, there will be a guarantee that the evaluation of the rule of law in Hungary by the European Commission will be fair and objective.

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