In a significant move to support Ukraine, European Union foreign ministers have approved a new military aid package worth €1.4 billion ($1.5 billion), funded by the proceeds from frozen Russian assets within EU member states, according to diplomats cited by the German Press Agency (DPA).
Josep Borrell, the EU’s High Representative for Foreign Affairs and Security Policy, emphasized the urgency of delivering these funds to Ukraine promptly and “avoiding any delays” during the foreign ministers’ meeting in Luxembourg.
This approval represents a positive boost for Kyiv, particularly amidst Hungary’s ongoing opposition to other aid packages from the off-budget European Peace Facility, which total over €6 billion.
Each EU member state holds veto power over the European Peace Facility, and Hungary has been blocking some payments related to Ukraine for nearly a year. Additionally, a €5 billion support fund has been similarly stalled.
Since the Russian invasion of Ukraine in February 2022, the European Union has been a critical ally, providing financial, humanitarian, and military support.
The war has resulted in widespread devastation and displacement, prompting international condemnation and a series of sanctions against Russia. One of the significant measures has been the freezing of Russian assets within the EU, which are now being leveraged to aid Ukraine.
The European Peace Facility, established to fund external action for peace and security, has faced hurdles due to political differences among member states, notably Hungary’s resistance, complicating efforts to disburse necessary aid.
Despite these challenges, the EU seeks ways to bolster Ukraine’s defense capabilities and support its sovereignty amidst ongoing conflict.
