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All 27 EU member states agree to provide EUR 50 billion in aid to Ukraine

1 February, 2024 Thursday
14:00

President of the European Council Charles Michel states that all 27 EU member states have agreed to provide 50 billion euros in aid to Ukraine

Charles Michel announced this on Twitter.

"We have a deal. All 27 leaders agreed on an additional €50 billion support package for Ukraine within the EU budget. This locks in steadfast, long-term, predictable funding for Ukraine. The EU is taking leadership and responsibility in support for Ukraine, we know what is at stake," the President of the European Council wrote.

€50 billion for Ukraine: what is known

On December 15, 2023, Hungarian Prime Minister Viktor Orban vetoed the EU's decision on a €50 billion budget assistance program for Ukraine.

On December 18, it was announced that a special summit of the European Commission to discuss the allocation of €50 billion to Ukraine for 4 years would take place on February 1, 2024.

On January 10, despite Hungary's opposition, Brussels votes to begin negotiations with the European Parliament on providing Ukraine with €50 billion in macro-financial assistance over the next four years.

January 16 Orban calls for separating financial aid to Ukraine from the EU budget.

January 17 European Commission President Ursula von der Leyen expresses confidence that all EU member states will agree to provide assistance to Ukraine, and on January 26 Ukrainian Prime Minister Denys Shmyhal says that all 27 EU member states have agreed to provide €50 billion to Ukraine.

On January 30, Orban said that he was ready to support the provision of aid to Ukraine from the EU budget, on the condition that every year the EU decides "whether to continue to send this money or not."

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