• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

EU Agrees Massive Ukraine Aid Deal in ‘Message’ to Putin

Simon Osuji by Simon Osuji
February 2, 2024
in Military & Defense
0
EU Agrees Massive Ukraine Aid Deal in ‘Message’ to Putin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related posts

Nominee to lead NSA backs controversial spying law

Nominee to lead NSA backs controversial spying law

January 30, 2026
Shutdown deal struck after failed Senate vote

Shutdown deal struck after failed Senate vote

January 30, 2026


European Union leaders on Thursday overcame months of opposition from Hungarian leader Viktor Orban to agree 50 billion euros ($54 billion) of aid for Ukraine, in a move they hailed as a strong message to Russia.

The deal to keep funds flowing to Ukraine comes as doubts over support from Kyiv’s Western backers have buoyed Russian President Vladimir Putin, nearly two years into his invasion of the neighboring country.

Ukrainian President Volodymyr Zelensky thanked the European Union for the funds, which he called “long-awaited.”

“Today the EU has made a long-awaited decision,” Zelensky said in his evening address. “This is a clear signal to Moscow that Europe will withstand and that Europe will not be broken,” he continued.

“The message is clear,” said French President Emmanuel Macron after the Brussels summit wrapped up. “Russia cannot count on any fatigue from Europeans in their support for Ukraine.”

Macron said the deal likewise sent a message to Washington – where billions of dollars in aid are held up in Congress – “that the European Union is here, committed and delivers.”

In an abrupt about-face at the start of the gathering, Orban agreed to drop his veto on the four-year package for Kyiv in the face of intense pressure from the EU’s other 26 leaders. 

The Hungarian nationalist appeared to come away largely empty-handed – securing only the promise of a possible review on the spending in two years.  

German Chancellor Olaf Scholz voiced hope that the EU decision could assist US President Joe Biden in convincing reluctant Republicans to pass Washington’s own $60-billion proposal for support for Ukraine.

“I hope that the message that we’re sending out today and the discussions we’re having today is helping him,” Scholz said.

The EU money will plug holes in the Ukrainian government’s budget to allow it to pay salaries and services, as its outgunned soldiers battle to hold back Moscow’s forces.

‘Orban Fatigue’

Orban – Russia’s closest ally in the EU – had sparked fury from his counterparts in the bloc by thwarting a deal on the aid in December.  

Thursday’s talks were expected again to see hours of protracted political arm-wrestling but a deal was swiftly announced after Orban met beforehand with the leaders of Germany, France, Italy, and the EU institutions.

“He gave some ground,” said one European diplomat. 

“He saw that people were growing irritated, that there was a line not to cross.”

Orban had been accused of holding hostage Ukraine’s future in a bid to blackmail Brussels into releasing billions of euros for Hungary that have been frozen pending reforms by Budapest.

European Commission president Ursula von der Leyen said the answer was “a simple no” when asked if Hungary’s prime minister had won any promises to get the blocked financing from the EU. 

“Hungary received no gift,” echoed France’s Macron.

In an apparent face-saving measure, Orban claimed he had instead got a guarantee that “Hungary’s money would not end up in Ukraine.”

Orban’s opposition over Ukraine had exasperated EU leaders long frustrated at dealing with his role as a spoiler in the bloc. 

Warning of growing “Orban fatigue” in Brussels, Polish Prime Minister Donald Tusk said ahead of the summit that it was time for the Hungarian leader “to decide if he is a part of our community.”

Other leaders insisted that if Orban did not drop his opposition, they would club together as 26 countries to keep aid flowing to Ukraine’s government.

But with Kyiv facing possible budget shortfalls by spring, that option would have taken more time.

Farm Protests

The latest EU showdown took place against the backdrop of swelling protests by European farmers, who clogged roads around the summit with 1,300 tractors in a show of strength, lighting fires, and pulling down a city statue.

Von der Leyen announced that Brussels would put forward plans to ease rules and red tape criticized by farmers protesting across Europe.

Once the Ukraine aid was agreed, leaders turned more to the question of the future of EU military support for Kyiv.

Accusations have been levelled that key EU nations such as France, Italy, and Spain are not pulling their weight on arming Ukraine.

Scholz, whose country is the largest European donor to Ukraine, has called for others to lay out their military support and do more to help Kyiv.

“In my opinion, not all member states are doing enough,” he said.



Source link

Previous Post

Electricity consumers rise to 11.71 million

Next Post

Gentelle to showcase luxury linens at the 5th Makkah Expo for Hotels & Restaurants

Next Post
Gentelle to showcase luxury linens at the 5th Makkah Expo for Hotels & Restaurants

Gentelle to showcase luxury linens at the 5th Makkah Expo for Hotels & Restaurants

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Harem work removed from show at Qatar’s Arab Museum of Modern Art

Harem work removed from show at Qatar’s Arab Museum of Modern Art

1 year ago
US Government Awards Moderna $176 Million for mRNA Bird Flu Vaccine

US Government Awards Moderna $176 Million for mRNA Bird Flu Vaccine

2 years ago
COP30: Africa Day moves to advance sustainable finance for a green, resilient future – EnviroNews

COP30: Africa Day moves to advance sustainable finance for a green, resilient future – EnviroNews

2 months ago
Tribunal turns down Cytonn’s plea about regulator’s action on its funds

Tribunal turns down Cytonn’s plea about regulator’s action on its funds

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.