According to the European Commission, the fund should provide Ukraine with financial support worth up to 50 billion euros from 2024 to 2027. The exact amount and form of support will be agreed at a meeting of the European Council on 1 February.
Earlier, Hungarian Prime Minister Viktor Orban vetoed the allocation of aid to Ukraine. According to media reports, the EU was working on an alternative plan in case Hungary blocked the provision of financial support. However, “no alternative solution is being discussed now”, Belgian Deputy Prime Minister and Finance Minister Vincent van Petegem, whose country holds the EU Council presidency, said.
