26 EU Countries Back Over €30 Billion in Aid to Ukraine

26 European Union countries are ready to continue providing financial assistance to Ukraine and maintain this approach in the long term.

The Gaze reports on this with reference to European Pravda.

This decision was made during the EU summit on 26 June.

The European Union summit was unable to reach a consensus on the decision regarding Ukraine due to Hungary's veto, so the rest of the capitals decided to announce the decision in the format ‘European Union minus Hungary.’ The decision found ‘strong support’ from the remaining 26 states, according to the European Council.

All points of the decision were blocked – not only regarding the start of accession negotiations, as already reported by the European Parliament, but also, in particular, regarding financial support for Ukraine. This point was new in the ‘EU minus Hungary’ decision – there was no such element in the documents of the previous summit in March.

This time, the 26 EU states agreed that ‘the European Union will continue to provide Ukraine with regular and predictable financial support in the long term.’

‘In 2025, the European Union will provide Ukraine with €30.6 billion, of which €3.5 billion has already been allocated under the Facility for Ukraine and €7 billion under the G7 ERA initiative, which is being repaid from extraordinary revenues from frozen Russian assets,’ the document says.

It should be noted that Hungary is unable to block the actions of other EU states on this issue. Therefore, despite the Hungarian veto, aid to Ukraine continues to flow.

As The Gaze reported earlier, all EU leaders except Orbán spoke in favour of opening accession negotiations with Ukraine.

In addition, EU leaders in the 27-state format agreed to extend all sanctions against Russia, but did not agree on a new, 18th package of sanctions.