EU leaders agree new financial aid package for Ukraine after Hungary drops veto threat
EUROPEAN Union leaders sealed a deal today to provide a new €50 billion (£42bn) support package for Ukraine’s war-ravaged economy after Hungary dropped threats to use its veto.
European Council president Charles Michel used a social media post to announce the agreement, which was reached in the first hour of a summit he was chairing in Brussels.
Ukrainian President Volodymyr Zelenskyy welcomed a “very important” decision. His country could receive the first tranche of funds as soon as March, once the European Parliament has endorsed the deal.
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