{"id":887299,"date":"2024-02-01T15:30:29","date_gmt":"2024-02-01T14:30:29","guid":{"rendered":"https:\/\/pre.efe.com\/?p=887299"},"modified":"2024-02-01T18:06:12","modified_gmt":"2024-02-01T17:06:12","slug":"eu-readies-54-billion-fund-for-ukraine-after-hungary-drops-veto","status":"publish","type":"post","link":"https:\/\/pre.efe.com\/en\/latest-news\/2024-02-01\/eu-readies-54-billion-fund-for-ukraine-after-hungary-drops-veto\/","title":{"rendered":"EU readies $54-billion fund for Ukraine after Hungary drops veto"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Brussels, Feb 1 (EFE).- European Union leaders reached an agreement on Thursday to give 50 billion euros (nearly $54 billion) in aid to Ukraine over the next four years after Hungary withdrew its veto on the financial package following weeks of fraught negotiations.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2024\/02\/rss-efe0468da94ee0a1789bca6a190a58e92c7f53488f1w.jpg\" alt=\"Luxembourg Prime Minister Luc Frieden (L) and Austrian Chancellor Karl Nehammer at the start of a Special European Council in Brussels, Belgium, 01 February 2024. EFE-EPA\/OLIVIER HOSLET\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe have a deal. #Unity. All 27 leaders agreed on an additional 50 billion (euros) support package for Ukraine within the EU budget,\u201d the president of the European Council, Charles Michel, said on the social media network X after an EU summit in the Belgian capital.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2024\/02\/rss-efe3b412cf5575d66a1a5fa40f3bfb0135ed745b0daw.jpg\" alt=\"Hungarian Prime Minister Viktor Orban (L) and Luxembourg Prime Minister Luc Frieden at the start of a Special European Council in Brussels, Belgium, 01 February 2024. EFE-EPA\/OLIVIER HOSLET\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis locks in steadfast, long-term, predictable funding for #Ukraine. EU is taking leadership and responsibility in support for Ukraine; we know what is at stake.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/pre.efe.com\/wp-content\/uploads\/2024\/02\/rss-efe395c589931ba096ac7751b0a9b0ef07ddf0e0687w.jpg\" alt=\"Estonia's Prime Minister Kaja Kallas (L) and Luxembourg Prime Minister Luc Frieden at the start of a Special European Council in Brussels, Belgium, 01 February 2024. EFE-EPA\/OLIVIER HOSLET\n\"\/><\/figure>\n\n\n\n<div class=\"media-content-img\" style=\"margin-bottom: 20px\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Hungary had blocked the fund with Prime Minister Viktor Orban first insisting that the money should not come out of the EU\u2019s budget and then demanding that any deal for funding be reviewed every year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 27-nation bloc managed to unblock the crucial package aid to Ukraine without giving in to the demands of the Hungarian ultranationalist prime minister and plans to make the first payment in March.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pact comes at a key moment for Ukraine battling a Russian invasion, as a promised $60 billion aid package has been blocked by Republicans in the United States Congress over concessions on border security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ukraine is facing liquidity problems if new foreign aid doesn\u2019t arrive next month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Michel&#8217;s \u201cunity\u201d message came minutes after the EU leaders began the summit preceded by a meeting of the president of the European Council, French President Emmanuel Macron, German Chancellor Olaf Scholz, and Italian Prime Minister Giorgia Meloni with Orb\u00e1n to find a solution to the blockage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ukraine\u2019s President Volodymyr Zelenskyy celebrated the move, saying he was \u201cgrateful\u201d to Michel and EU leaders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt is very important that the decision was made by all 27 leaders, which once again proves strong EU unity,\u201d Zelenskyy tweeted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cContinued EU financial support for Ukraine will strengthen long-term economic and financial stability, which is no less important than military assistance and sanctions pressure on Russia,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During a video intervention at the summit, he urged Washington not to stop supporting his country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Europe today sends a signal across the Atlantic and to the entire world that the rules-based world order will overcome all challenges,&#8221; he said. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He told the European Council to approve allocating 5 billion euros in military aid to the war-torn country for each of the next four years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIntelligence has confirmed that Russia will receive one million artillery munitions from Pyongyang,\u201d Zelenskyy said, regretting the delays in fulfilling the EU plan to supply arms to Ukraine. \u201cIt is a sign of global competition that Europe cannot afford to lose.\u201d EFE<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">lpc-mg\/ssk<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brussels, Feb 1 (EFE).- European Union leaders reached an agreement on Thursday to give 50 billion euros (nearly $54 billion) in aid to Ukraine over the next four years after Hungary withdrew its veto on the financial package following weeks of fraught negotiations. \u201cWe have a deal. #Unity. All 27 leaders agreed on an additional &#8230; <a title=\"EU readies $54-billion fund for Ukraine after Hungary drops veto\" class=\"read-more\" href=\"https:\/\/pre.efe.com\/en\/latest-news\/2024-02-01\/eu-readies-54-billion-fund-for-ukraine-after-hungary-drops-veto\/\" aria-label=\"Read more about EU readies $54-billion fund for Ukraine after Hungary drops veto\">Read more<\/a><\/p>\n","protected":false},"author":198164071,"featured_media":887302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[122140],"tags":[],"class_list":["post-887299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EU readies $54-billion fund for Ukraine after Hungary drops veto - EFE<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU readies $54-billion fund for Ukraine after Hungary drops veto - EFE\" \/>\n<meta property=\"og:description\" content=\"Brussels, Feb 1 (EFE).- European Union leaders reached an agreement on Thursday to give 50 billion euros (nearly $54 billion) in aid to Ukraine over the next four years after Hungary withdrew its veto on the financial package following weeks of fraught negotiations. \u201cWe have a deal. #Unity. All 27 leaders agreed on an additional ... 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All 27 leaders agreed on an additional ... 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