European Commission

By the end of February, the EU may vote to allocate 50 billion euros to Ukraine, allowing the country to receive the first tranche of aid of 1. 5 billion euros in March.

Biden thanked von der Leyen for the EU's allocation of €50 billion in additional financial assistance to support Ukraine's defense against Russian aggression.

Ursula von der Leyen and President Biden agreed to continue to provide broad support to Ukraine, discussing the situation and the €50 billion European financial assistance package during a phone call.

Businesses have downgraded their assessments of current operations and prospects due to the intensification of hostilities, rising costs, and uncertainty.

Hungarian Prime Minister Viktor Orban says he has received guarantees that Hungarian money will not go to Ukraine after the EU agreed to provide 50 billion euros in aid to Ukraine.

The €50 billion aid program for Ukraine approved by EU leaders includes €33 billion in loans and €17 billion in grants, and sets out the prerequisites for receiving the funds and possible revisions to the program.

European leaders consider the concessions insignificant, as they avoided a scenario in which Orban would be able to veto funding for Ukraine every year.

The EU has agreed that the European Council may propose to the European Commission to review the €50 billion support program for Ukraine in two years, if necessary.

This week, the European Commission will start informal meetings to discuss the 13th package of sanctions against russia in response to its invasion of Ukraine. The proposals are expected to focus on closing loopholes in existing sanctions.

EU leaders are gathering for an emergency summit where they are expected to confront Hungarian Prime Minister Viktor Orban over his refusal to authorize a new €50 billion aid package for Ukraine, with efforts to persuade Orban doubling in the last 24 hours but failing as Hungary has demanded an annual veto on the funding, The Guardian reports.

U. S. Treasury Secretary Janet Yellen will appeal to Congress to support Ukraine, saying that if they do not, Putin will win.

The EU will provide Ukraine with at least €21 billion in military aid in 2024. According to EU High Representative for Foreign Affairs and Security Policy Josep Borrell, in the first two years of the full-scale invasion, official Kyiv received 28 billion euros in aid.

The European Commission's proposal to extend the 'economic visa-free regime' for Ukraine will help lift the bans on agricultural imports imposed by Poland, Slovakia and Hungary, Ukrainian Prime Minister Denys Shmyhal said.

The European Commission has proposed to extend the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while proposing measures to protect sensitive EU agricultural products.

EU leaders will propose holding annual debates on the planned €50 billion aid package for Ukraine to overcome Hungary's opposition to the funding.

The European Commission may approve the extension of preferential trade with Ukraine until 2025, taking into account Poland's proposals to restrict imports of certain Ukrainian goods.

The Polish minister answered the question whether the government is considering imposing unilateral restrictions on imports from Ukraine if the decision of the European Commission, which may decide to extend the rules of trade liberalization with Ukraine this week, is not enough.