European Union agrees on new $54 billion aid package for Ukraine | News

The 27 countries of the European Union have agreed on an additional aid package of 50 billion euros ($54 billion) for Ukraine, despite Hungary’s threats to veto it. .

“We have an agreement,” European Council President Charles Michel said in a message on X.

Michel said the move “guarantees stable, long-term and predictable funding for Ukraine” and demonstrates that “the EU assumes leadership and responsibility in supporting Ukraine; we know what is at stake.”

Ukraine has become increasingly desperate for funding from Western countries in recent months.

The EU funding is particularly important as a similar aid package from the United States continues to be delayed by internal political conflicts and further complicated by November’s presidential election.

“US funding for Ukraine has become hostage to US domestic politics,” Hlib Vyshlinsky, executive director of the Center for Economic Strategy, told Al Jazeera.

“It was very difficult for Ukraine to do anything about this, in a presidential election year in the United States. »

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