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Home » E.U. approves $50 billion help package deal for Ukraine
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E.U. approves $50 billion help package deal for Ukraine

Bernie Goldberg
Last updated: 2024/02/01 at 11:49 AM
Bernie Goldberg Published February 1, 2024
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BRUSSELS — European Union leaders agreed Thursday to greater than $50 billion in help for Ukraine, overcoming opposition from Hungary to safe vital funding as battlefield progress stalls and help from the US appears unsure.

In emergency conferences in Brussels, Hungarian Prime Minister Viktor Orban, who has spent months railing towards the help, lastly agreed to signal on — although the phrases stay unclear.

The settlement is a win for E.U. leaders who’ve more and more struggled to work with Orban on key points, significantly Russia’s conflict in Ukraine, and it’s excellent news for Ukraine, which is working desperately in need of each ammunition and money.

With Hungary blocking Ukraine help, E.U. determined for workarounds

“This locks in steadfast, long-term, predictable funding for Ukraine,” European Council President Charles Michel mentioned in saying the deal.

The E.U., he wrote on X, previously Twitter, “is taking management & duty in help for Ukraine; we all know what’s at stake.”

Ukrainian President Volodymyr Zelensky welcomed the information. “Continued E.U. monetary help for Ukraine will strengthen long-term financial and monetary stability, which is not any much less necessary than army help and sanctions strain on Russia,” he wrote.

“It is vitally necessary that the choice was made by all 27 leaders,” he additionally famous, “which as soon as once more proves sturdy E.U. unity.”

However weeks of fraught negotiations have spotlighted how a single strongman can disrupt the E.U., even on points, reminiscent of Russian aggression, that many see as “existential” for the union. And it has hinted at how precarious and unpredictable long-term help for Ukraine might be.

As if to underscore the sense of uncertainty and chaos, the summit occurred amid a large protest by farmers who arrived in tractors, blocked site visitors and set fires within the coronary heart of town. They known as on leaders to focus extra on cost-of-living points, together with excessive taxes and what they see as extreme regulation from E.U. headquarters in Brussels.

Hungary shortly seized the second, posting a video of Orban assembly with farmers and aligning his trigger — combating Brussels — with theirs. “We are going to arise for the voice of the folks! Even when the bureaucrats in Brussels blackmail us,” he posted.

Dangerous blood between Brussels and Budapest isn’t new. For years now, Orban has clashed with E.U. officers and leaders, utilizing his acrimony — and veto — to extract concessions whereas taking part in to populist sentiment at house.

However in current months, as he has repeatedly blocked E.U. efforts to safe steady funding for Ukraine, he appears to have crossed a brand new line. Fellow leaders see his newest antics as a real menace to European safety — and they’re more and more prepared to speak about working round him.

Within the lead-up to the summit, prime E.U. officers and leaders sought to strain Orban to come back again to the desk and made plans to maneuver ahead by, for example, reducing a deal among the many 26 different member states with out him.

A paper written by the Council of the E.U. and leaked to the Monetary Instances forward of the summit explored ways in which E.U. nations may intentionally rattle Hungary’s financial system to get Orban on board.

The leak was extensively seen as an E.U. effort to deliver Hungary again in line.



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Bernie Goldberg February 1, 2024 February 1, 2024
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