EU Approves €90 Billion Aid Package for
Ukraine
- The European Union has
approved a €90 billion financial assistance package for Ukraine.
- It also cleared its 20th
round of sanctions against Russia.
- The decision came after
Hungary withdrew its opposition.
- This reflects renewed
unity among EU member states in supporting Ukraine and pressuring Russia.
- Decision-Making Process
- The package was backed by
ambassadors from all 27 EU member states.
- It will be formally
adopted through a written procedure.
- The approval ends months
of delay caused by Hungary’s objections.
- Hungary’s Earlier Objection
- Hungary, led by PM Viktor
Orbán, had blocked the aid and sanctions.
- Concerns were raised over
disruptions in Russian oil supplies via the Druzhba pipeline.
- This pipeline is crucial
for Hungary and Slovakia’s energy needs.
- Damage due to Russian
attacks affected oil transit through Ukraine.
- Hungary argued this
threatened its energy security.
- Purpose of the €90 Billion Package
- The package aims to support Ukraine’s wartime budget for 2026–2027.
- Around half of the funds
will go towards defence needs.
