Skip to content
Edit post

PM Shmyhal: All EU members appear to agree on approving 4-year aid package for Ukraine

by Dinara Khalilova and The Kyiv Independent news desk January 26, 2024 8:40 PM 2 min read
Prime Minister Denys Shmyhal in Kyiv on Aug. 14, 2023. (Photo by Thomas Imo via Getty Images)
This audio is created with AI assistance

All 27 members of the European Union appear to agree on approving a four-year 50 billion euro ($54 billion) aid package for Ukraine, Prime Minister Denys Shmyhal said on Jan. 26.

As Hungarian Prime Minister Viktor Orban blocked the financial support for Kyiv during a December summit, EU leaders are to reconvene on the matter on Feb. 1. Brussels is reportedly searching for alternatives to aid Ukraine if Budapest continues to block the multi-year package.

At a government meeting, Shmyhal said he hoped the EU would adopt the $54 million Ukraine Facility program needed "to fully finance all priority payments."

Kyiv expects the EU in 2024 to provide financial support at around the same level as it did last year, according to Shmyhal. Ukraine will need around 18 billion euros from the EU to cover the budget deficit, he said.

Finland's Foreign Minister Elina Valtonen said on Jan. 25 that she's confident Orban would not block the $54 billion aid package at the Feb. 1 European Council summit.

Budapest has signaled it might withdraw its opposition if the European Council unanimously approves the funding on a yearly basis, Politico reported on Jan. 26, citing its sources.

This would theoretically allow Orban to exert concessions under the threat of renewed veto during each year's vote.

European Commission President Ursula von der Leyen said earlier in January that the EU would pass the package even with 26 members, implying it was possible to do so without Hungary's consent.

Opinion: Orban is plain wrong on Ukraine
Hungarian Prime Minister Viktor Orban sought to blackball Ukraine’s bid to formally start EU accession talks last month, arguing that Ukraine was simply not ready. Ultimately, the other 26 EU member states decided to ignore Orban’s protestations and formally agreed to the start of accession talks wi…
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

3:39 AM

Kirby: Putin taking advantage of delays in US aid.

Russian President Vladimir Putin is taking advantage of delays in U.S. aid to Ukraine to further Russian military efforts, U.S. National Security Council spokesperson John Kirby said at a press conference on March 4.
11:03 PM

Ukraine, Spain start talks on security guarantees.

Ukraine and Spain began negotiations on a bilateral agreement on security guarantees under the Group of Seven (G7) Joint Declaration of Support for Ukraine, the Presidential Office reported on March 4.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
8:51 PM

Zelensky replaces Support Forces commander.

President Volodymyr Zelensky dismissed Dmytro Hereha as the commander of Ukraine's Support Forces, replacing him with Oleksandr Yakovets, according to his decrees published on March 4.
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.