The European Union has agreed on a 50 billion euro aid program for Ukraine

The European Union has agreed on an assistance program for Ukraine worth 50 billion euros. this on the social network X. announced The head of the European Council, Charles Michel,

"We have agreed to. All 27 leaders agreed on an additional 50 billion support package for Ukraine as part of the EU budget. This ensures constant, long-term and predictable funding for Ukraine,” Michel wrote.

He stressed that the European Union will take “leadership and responsibility” in the matter of further support for Ukraine. “We know what's at stake,” Michel added.

In turn, Michel’s press service noted that the EU’s allocation of 50 billion euros in aid to Ukraine was approved, among other things, by Hungarian Prime Minister Viktor Orban. Meetings with the prime ministers of Italy, France and Germany the day before helped achieve his agreement.

As the British newspaper The Guardian clarifies , the leaders of the EU countries agreed that they would annually discuss the plan for economic assistance to Kiev, and “if necessary” they would adjust it in two years.

The decision of the European Union to allocate 50 billion euros to Ukraine was commented on by Ukrainian President Vladimir Zelensky on the social network X. “It is very important that the decision was made by all 27 leaders. This once again proves the powerful unity of the European Union. Continued EU financial support for Ukraine will strengthen our long-term economic and financial stability, which is no less important than military assistance and sanctions pressure on Russia,” he wrote.

The EU authorities planned to adopt a 50 billion euro aid package for Ukraine at the end of 2023. However, this decision was then blocked by Hungarian Prime Minister Viktor Orban. He insisted that the Ukraine aid program be discussed and reviewed annually.

After this, the Financial Times newspaper, citing sources, wrote that EU authorities are developing several backup plans to help Ukraine in case Orban again blocks the plan to allocate 50 billion euros.

In particular, according to the publication, the heads of other EU countries planned to state that “in light of Orban’s unconstructive behavior” they “cannot allow” Budapest to receive EU money. This strategy involved undermining the national currency and reducing the investment attractiveness of Hungary.

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