Brussels - Ukrainian President Volodymyr Zelensky expressed his appreciation for the fresh funding, emphasizing its potential to enhance the economic and financial stability of the country. The Ukrainian economic ministry anticipates the initial installment of funds to be disbursed in March.
Concerns lingered that Hungary's Prime Minister might obstruct the package, as witnessed during a European summit in December. Viktor Orban, a key ally of Russian President Vladimir Putin within the EU, aimed to prompt a reconsideration of the bloc's Ukraine policy, questioning the commitment to allocate funds over the next four years.
The comprehensive aid package, designed to cover pensions, salaries, and various expenses over the next four years, faced delays in the US Congress, which is the primary source of military support for Ukraine. Numerous European countries also contribute military aid to Ukraine.
Surprisingly, news of the agreement emerged less than two hours into the summit, defying expectations of prolonged discussions due to the profound disagreements with Mr. Orban. Securing unanimous support from all 27 EU member states was crucial, as Hungary's previous ability to veto such agreements was a significant obstacle.
Diplomatic sources revealed that the new deal includes an annual review of the package with the option to reassess it in two years, if necessary. Viktor Orban had advocated for an annual vote, but this posed a risk of Hungary's annual veto, making the compromise a strategic move.
"A good day for Europe," remarked Ursula von der Leyen, the president of the European Commission. President Zelensky expressed gratitude to EU leaders, emphasizing the unanimous support from all 27 heads of state as a united demonstration of solidarity with Ukraine, which faced a Russian invasion nearly two years ago. Ukraine's Foreign Minister Dmytro Kuleba underscored the significance of Europe investing in its own security and resisting Russia's attempt to challenge the global order by force.
Polish Prime Minister Donald Tusk, critical of Orban's actions, commented on the development, suggesting that Viktor Orban could be persuaded to move forward. The EU had previously withheld €20 billion of funds from Hungary due to concerns about human rights and corruption in the country. The announcement of this new aid package follows the EU's decision in December to initiate membership talks with Ukraine, hailed as a victory for the country at the time.