Skip to content
Edit post

EU Council adopts 18 billion euro assistance for Ukraine despite blockage by Hungary

by The Kyiv Independent news desk December 10, 2022 9:22 PM 1 min read
This audio is created with AI assistance

The EU Council said on Dec. 10 that it reached an agreement on a "legislative package that will enable the EU to help Ukraine financially throughout 2023 with 18 billion euros.” The proposal will be submitted to the European Parliament “for possible adoption” next week.

To assist Ukraine with paying for essential public services, maintaining macroeconomic stability, and restoring critical infrastructure destroyed by Russian attacks, the European Commission proposed an 18 billion euro support package earlier on Nov. 9.

Hungary didn't support the aid package at an EU ambassadors' meeting on the same day, according to three officials cited by Politico media outlet.

On Dec. 6,  Hungarian Finance Minister Mihaly Varga said that “Hungary doesn't support changes to the financial regulation.” The EU can only allocate the money with the backing of all 27 union countries, as the budget rules require unanimity.

However, Czech Finance Minister and EU Economic and Financial Affairs Council President (ECOFIN) Zbynek Stanjura said that the EU was looking for another mechanism to start allocating funds to Ukraine.

“The legislation which we adopted today means that Ukraine can count on regular financial help from the EU throughout 2023,” Stanjura said on Dec. 10, as quoted by the Council of EU official website.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
9:50 PM

Media: Zelensky may visit Armenia in near future.

President Volodymyr Zelensky may visit Armenia in “the near future,” the Armenian news outlet FactorTV reported on Feb. 23. Preparations for the visit are currently underway, but the exact date has not yet been confirmed, the outlet reported, citing its sources.
7:23 PM

Canada announces new sanctions against Russia.

Canada's new sanctions will target those who provide Russia with military equipment, offer services such as insurance to Russian soldiers, and otherwise help support the finances and logistics of the Russian state
2:36 PM

Ukraine, Denmark finalize long-term security agreement.

The U.K., Germany, and France have earlier signed similar deals to help Ukraine repel Russia's aggression based on a pledge made by the Group of Seven (G7) last July. Denmark is the first non-G7 country to finalize the deal.
1:59 PM

Biden announces new package of sanctions against Russia.

“Today, I am announcing more than 500 new sanctions against Russia for its ongoing war of conquest on Ukraine and for the death of Aleksei Navalny, who was a courageous anti-corruption activist and Putin’s fiercest opposition leader,” U.S. President Joe Biden said in a statement published by the White House.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.