Mar 11 • 07:57 UTC 🇺🇦 Ukraine Ukrainska Pravda

Brussels has a plan to provide Ukraine with €30bn despite veto by Hungary and Slovakia – Politico

The EU plans to offer Ukraine financial support of €30 billion, regardless of Hungary and Slovakia's veto against a larger €90 billion loan.

The European Union is formulating plans to offer Ukraine a financial package of at least €30 billion as officials anticipate continued opposition from Hungary and Slovakia regarding the larger €90 billion loan proposal. Despite the deadlock, EU leaders remain hopeful that discussions at an upcoming summit could lead to a resolution as they seek to engage with Hungary's Prime Minister Viktor Orbán and Slovakia's Robert Fico, who had previously committed to approving the funding during a summit in December.

The ongoing challenges in securing the complete €90 billion loan underscore the intricate political landscape within the EU, where member states have varying interests and concerns, particularly regarding financial support to Ukraine amid its ongoing conflict with Russia. The Baltic states and Northern European countries are specifically mentioned as being more willing to assist Ukraine should the veto persist, indicating a potential shift towards a coalition of supportive nations focused on defense and humanitarian aid.

This development raises questions about the future of EU unity concerning aid to Ukraine and the potential for growing divisions among member states. As the EU struggles to navigate these complexities, the commitment to continuing support for Ukraine’s defense and recovery remains a critical priority, highlighting the need for cohesive action and solidarity among European nations during this crisis.

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