EU leaders reached an agreement on Thursday transfer assistance to Ukraine in the amount of 50 billion euros According to European Council President Charles Michel, within the next four years after Hungary lifts its veto on the package.

“We have an agreement. Unit. The 27 leaders agreed on an additional package of support for Ukraine in the amount of 50 billion euros within the EU budget,” Michel said via the social network X shortly after the start of the summit of heads of state and government of the community in Brussels.

The Chairman of the Council noted this “This guarantees reliable, long-term and predictable financing for Ukraine” and that thereby “the EU takes leadership and responsibility in supporting Ukraine.” “We know what’s at stake,” he wrote.

Michel’s message arrived just a few minutes later. minutes after the start of the summit of heads of state and government which was preceded by a meeting between the President of the European Council, Frenchman Emmanuel Macron, German Olaf Scholz and Italian Giorgia Meloni, with Orban to find a solution to the blockade.

Without knowing the details of the agreement, the Hungarian ultranationalist asked mechanism for assessing aid to Ukraine every yeardespite the fact that this is a plan until 2027 and the possibility of vetoing every analysis, which the other partners categorically rejected.

European sources explained to the agency Europe Press that the leaders agreed to allow the Commission prepare an annual report on the implementation of the mechanism, the concession to be reviewed every twelve months, which Budapest asked for, although without the vote they demanded.

However, the remaining 26 member states supported the position agreed last December. include this assistance in a multi-year financial framework to give it stability and, if a unanimous agreement had not been reached, they had a plan B to transfer funds to Kyiv even without Budapest’s approval.

In turn, the President of Ukraine Vladimir Zelensky, applauded the agreement and believed it was an “important decision” that he believed “once again demonstrates the strong unity of the EU.”

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Zelensky expressed “gratitude” for the pact on social media as he believes “continued” support will “strengthen long-term economic and financial stability in Ukraine.” “This is no less important than military assistance and sanctions pressure on Russia,” he added.

(according to information from EFE And Europe Press)