https://sputnikglobe.com/20240201/eu-leaders-agree-to-allocate-54bln-in-macro-financial-assistance-to-ukraine-1116533192.html
EU Leaders Agree to Allocate $54Bln in Macro-Financial Assistance to Ukraine
EU Leaders Agree to Allocate $54Bln in Macro-Financial Assistance to Ukraine
Sputnik International
The EU leaders have reached an agreement on allocating 50 billion euros ($54 billion) as part of macro-financial assistance to Ukraine, European Council President Charles Michel said on Thursday.
2024-02-01T10:48+0000
2024-02-01T10:48+0000
2024-02-01T12:14+0000
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"All 27 leaders agreed on an additional €50 billion support package for Ukraine within the EU budget. This locks in steadfast, long-term, predictable funding for #Ukraine. EU is taking leadership & responsibility in support for Ukraine; we know what is at stake," Michel wrote on X.EU Agrees to Hold Debate Each Year on Ukraine Assistance - ReportsThe EU leaders have agreed to hold a debate about its assistance to Ukraine every year, and to review it after two years if necessary, The Guardian reported on Thursday, citing the EU summit’s conclusions.According to the conclusions, the European Council will hold a debate every year on the implementation of the Ukraine facility, and will invite the European Commission to make a proposal to review it in two years if needed.Meanwhile, Reuters reported, citing a European diplomat, that the EU funds for Hungary will remain frozen after Budapest also agreed on the allocation of assistance for Ukraine.European officials have continuously said that they are ready to study alternatives in the event of a final blocking of aid to Kiev from the EU budget. The total amount of EU macro-financial assistance to Ukraine in 2023 amounted to 18 billion euros, transferred in monthly payments in the amount of 1.5 billion euros. This assistance was provided to Kiev regardless of the implementation of reforms and the fight against corruption.In December, Hungary vetoed an enlargement of the EU's 2024-2027 budget to incorporate 50 billion euros in macro-financial aid for Ukraine. Media reported that Hungary had proposed splitting the package into four tranches, subject to approval each year. However, several EU diplomats are reportedly opposed to giving Hungary the option of an "annual veto.Western countries, led by the United States, have been providing military aid to Ukraine since the start of Russia's special military operation in February 2022. The aid evolved from providing artillery munitions and training in 2022 to heavy weapons, including tanks, advanced air-defense systems, prohibited cluster munitions and long-range missiles, later that year and in 2023.
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eu leaders, european council president charles michel, macro-financial assistance to ukraine
eu leaders, european council president charles michel, macro-financial assistance to ukraine
EU Leaders Agree to Allocate $54Bln in Macro-Financial Assistance to Ukraine
10:48 GMT 01.02.2024 (Updated: 12:14 GMT 01.02.2024) MOSCOW (Sputnik) - The EU leaders have reached an agreement on allocating 50 billion euros ($54 billion) as part of macro-financial assistance to Ukraine, European Council President Charles Michel said on Thursday.
"All 27 leaders agreed on an additional €50 billion support package for Ukraine within the EU budget. This locks in steadfast, long-term, predictable funding for #Ukraine. EU is taking leadership & responsibility in
support for Ukraine; we know what is at stake," Michel wrote on X.
EU Agrees to Hold Debate Each Year on Ukraine Assistance - Reports
The EU leaders have agreed to hold a debate about its assistance to Ukraine every year, and to review it after two years if necessary, The Guardian reported on Thursday, citing the EU summit’s conclusions.
According to the conclusions, the European Council will hold a debate every year on the implementation of the Ukraine facility, and will invite the European Commission to make a proposal to review it in two years if needed.
Meanwhile, Reuters reported, citing a European diplomat, that the EU funds for Hungary will remain frozen after Budapest also agreed on the allocation of assistance for Ukraine.
European officials have continuously said that they are ready to study alternatives in the event of a final blocking of aid to Kiev from the EU budget. The total amount of EU macro-financial assistance to Ukraine in 2023 amounted to 18 billion euros, transferred in monthly payments in the amount of 1.5 billion euros. This assistance was provided to Kiev regardless of the implementation of reforms and the fight against corruption.
In December, Hungary vetoed an enlargement of the EU's 2024-2027 budget to incorporate 50 billion euros in macro-financial aid for Ukraine. Media reported that Hungary had proposed splitting the package into four tranches, subject to approval each year. However, several EU diplomats are reportedly opposed to giving Hungary the option of an "annual veto.
Western countries, led by the United States, have been providing military aid to Ukraine since the start of Russia's special military operation in February 2022. The aid evolved from providing artillery munitions and training in 2022 to heavy weapons, including tanks, advanced air-defense systems, prohibited cluster munitions and long-range missiles, later that year and in 2023.
