Media: EU leaders reached a political agreement to provide Ukraine with 50 billion euros bypassing Hungary

Media: EU leaders reached a political agreement to provide Ukraine with 50 billion euros bypassing Hungary

Kyiv  •  UNN

December 15 2023, 02:00 PM • 24478 views

EU member states intend to provide Ukraine with 50 billion euros over 4 years, but Hungary vetoed the inclusion of this amount in the EU budget, prompting the search for alternative financing methods.

Leaders of 26 EU member states agreed to provide Ukraine with 50 billion euros in aid for 4 years. This was reported by Suspilne from its own sources familiar with the discussion, UNN reports. 

Details 

According to the interlocutors, Ukraine is promised to receive 1.5 billion euros per month next year. However, the funds will not be included in the budget, as Hungarian Prime Minister Viktor Orban vetoed the bill.

SEE ALSO: Hungary will not unblock €50 billion in financial aid to Ukraine until it receives funds frozen by the European Commission

Sources explained that the EU is currently working on other ways to finance Ukraine to circumvent Hungary's veto. 

Addendum

Hungarian Prime Minister Balázs Orban's political adviser warned that the decision to start negotiations on Ukraine's accession to the EU is only the beginning. 

According to him, the EU will need 70 more unanimous decisions for Ukraine to join the EU. 

To recap,

European Council President Charles Michel assured that EU leaders will return to discussing the issue of allocating 50 billion euros to Ukraine in early 2024

Earlier UNN reported that Hungarian Prime Minister Viktor Orban vetoed a multi-year aid package for Ukraine worth 50 billion euros.

SEE ALSO: Start of negotiations on Ukraine's accession to the EU: Orban did not vote for the European Council's decision and has already given the reason