Wednesday, February 21, 2024

Hungary lifted its veto and opened up 50 billion euros

Definitive green light for the next four years. European Union leaders reached an agreement on Thursday to provide 50 billion euros in aid to Ukraine, after Hungary revoked its veto on the package, as reported by the president of the European Council, Charles Michel.

“We have an agreement. Unity. The leaders of the 27 agreed on an additional support package of 50 billion euros for Ukraine within the EU budget,” Michel announced through the social network X shortly after starting the summit of heads of state. and Government of the Brussels Community.

The President of the Council celebrated that “it guarantees stable, long-term and predictable financing for Ukraine” and that with it “the EU is assuming leadership and responsibility to support Ukraine.” “We know what’s at stake,” he wrote.

The president of the European Commission, Ursula von der Leyen, also highlighted Hungary’s decision. “Agreement! The European Council fulfills our priorities. Supporting Ukraine. Fighting illegal immigration. Supporting European competition. A good day for Europe,” he said.

Michel’s message came just minutes after the start of a summit of heads of state and government preceded by a meeting with the president of the European Council, the French Emmanuel Macron, the German Olaf Scholz and the Italian Giorgia Meloni with Orbán to find a solution to the blockage.

Without knowing the details of the agreement, the Hungarian ultranationalist asked for a mechanism to evaluate the aid to Ukraine every year, although this is a plan until 2027, and there is a possibility of being vetoed every time analysis, something others reject. colleagues.

The other 26 Member States, however, continue the position agreed last December to include this aid in the multiannual financial framework to give it stability and, if a unanimous agreement is not reached , they have plan B to transfer funds to Kiev. even without the consent of Budapest.

The “strong unity” of the EU

From the president of Ukraine, Volodymyr Zelensky applauded the agreement between the Twenty-Seven to provide aid of 50 billion euros, an “important decision” that, in his opinion, “shows again the strong unity of the EU.”

Zelensky expressed himself on social media as “grateful” for this agreement, because he believes that “continued” support will allow “strengthening the long-term economic and financial stability of Ukraine.” “This is less important than military aid and the imposition of sanctions on Russia,” he added.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news