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EU Approves €50 Billion Aid Package for Ukraine

The unanimous decision, overcoming Hungary's objections, aims to support Ukraine's economy and social stability through 2027.

  • The EU has approved a €50 billion aid package for Ukraine, aimed at supporting the country's economy through 2027.
  • The unanimous decision overcame objections from Hungary, with the aid consisting of grants and loans.
  • The package is expected to help Ukraine cover nearly half of its $43 billion budget deficit this year.
  • Ukrainian President Zelensky thanked the EU for its support, emphasizing the importance of the decision for Ukraine's social stability.
  • The aid package is seen as a sign of the EU's commitment to Ukraine as it continues to defend against Russia's invasion.
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