European Union leaders have successfully reached an agreement to provide Ukraine with €50 billion ($54 billion) in funding over the next four years.
European Council President Charles Michel confirmed the breakthrough.
The deal, which had faced opposition from Hungary since the previous leaders’ summit in mid-December, has now been resolved. Charles Michel expressed his satisfaction by stating, “We have a deal. This secures steadfast, long-term, and predictable funding for Ukraine.”
This achievement was made possible after EU leaders reached a consensus to introduce an optional review process after two years, only if necessary.
This compromise was reached after Hungarian Prime Minister Viktor Orban had initially demanded an annual review.
EU Commission President Ursula von der Leyen hailed the agreement as a “positive day for Europe.”
The decision was swiftly embraced by Ukrainian Prime Minister Denys Shmyhal, who expressed his gratitude to Charles Michel and the EU leaders.
He conveyed his appreciation on social media, acknowledging that each vote in favor of the agreement signifies a substantial contribution to their collective success.
