The Fort Worth Press - EU agrees massive Ukraine aid deal in 'message' to Putin

USD -
AED 3.672502
AFN 64.000029
ALL 81.501894
AMD 360.300301
ANG 1.789785
AOA 917.999928
ARS 1538.507797
AUD 1.422738
AWG 1.8025
AZN 1.677898
BAM 1.755348
BBD 2.014118
BDT 124.150744
BGN 1.747831
BHD 0.37735
BIF 3000
BMD 1
BND 1.281553
BOB 11.995315
BRL 5.385503
BSD 1.000013
BTN 95.207367
BWP 13.822349
BYN 2.947868
BYR 19600
BZD 2.01121
CAD 1.397321
CDF 2315.000297
CHF 0.822255
CLF 0.025025
CLP 988.119786
CNY 6.661102
CNH 6.65463
COP 3178.94
CRC 454.76167
CUC 1
CUP 24.000287
CVE 99.197463
CZK 21.753898
DJF 177.719676
DKK 6.68102
DOP 60.650375
DZD 135.26301
EGP 56.002289
ERN 15
ETB 161.149916
EUR 0.89395
FJD 2.24075
FKP 0.747647
GBP 0.746635
GEL 2.599154
GGP 0.747647
GHS 11.649517
GIP 0.747647
GMD 74.000066
GNF 8799.999657
GTQ 7.645879
GYD 209.614159
HKD 7.844085
HNL 27.000156
HRK 6.76901
HTG 131.054259
HUF 327.0915
IDR 18170
ILS 3.11488
IMP 0.747647
INR 95.267006
IQD 1514
IRR 1868414.999662
ISK 121.419633
JEP 0.747647
JMD 158.760361
JOD 0.708966
JPY 157.59796
KES 129.989677
KGS 87.448023
KHR 4072.99998
KMF 440.999894
KPW 899.999961
KRW 1335.301894
KWD 0.31104
KYD 0.833326
KZT 453.3167
LAK 22534.99989
LBP 89549.999695
LKR 332.450795
LRD 170.449866
LSL 16.629789
LTL 2.95274
LVL 0.60489
LYD 6.424992
MAD 9.833505
MDL 18.045072
MGA 4595.000356
MKD 55.021155
MMK 2099.909661
MNT 3597.883233
MOP 8.082337
MRU 40.240109
MUR 47.279726
MVR 15.450451
MWK 1736.000155
MXN 18.88925
MYR 4.054099
MZN 63.90998
NAD 16.629887
NGN 1346.859954
NIO 36.809505
NOK 9.22898
NPR 152.332146
NZD 1.77407
OMR 0.384488
PAB 1.000013
PEN 3.459795
PGK 4.49025
PHP 63.708502
PKR 276.602571
PLN 3.9231
PYG 5858.938516
QAR 3.645503
RON 4.771902
RSD 105.072008
RUB 81.248966
RWF 1475
SAR 3.7541
SBD 8.058206
SCR 13.983075
SDG 601.499746
SEK 9.826885
SGD 1.277835
SHP 0.748335
SLE 22.897847
SLL 20969.504398
SOS 571.497754
SRD 37.644498
STD 20697.981008
STN 22.3
SVC 8.749697
SYP 13001.999685
SZL 16.630013
THB 33.712025
TJS 9.190174
TMT 3.5
TND 3.0207
TOP 2.40776
TRY 49.930696
TTD 6.779691
TWD 32.613982
TZS 2649.713013
UAH 45.55389
UGX 4360.137679
UYU 40.22581
UZS 11995.00019
VES 887.479801
VND 25791
VUV 119.217464
WST 2.773901
XAF 586.392655
XAG 0.019619
XAU 0.000250628137
XCD 2.70255
XCG 1.802288
XDR 0.707052
XOF 586.392655
XPF 107.305413
YER 236.167524
ZAR 16.623855
ZMK 9001.207781
ZMW 20.200416
ZWL 321.999592
SSP 5745.199062
MXV 2.128922
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

EU agrees massive Ukraine aid deal in 'message' to Putin
EU agrees massive Ukraine aid deal in 'message' to Putin / Photo: © AFP

EU agrees massive Ukraine aid deal in 'message' to Putin

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.

Text size:

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 neighbouring country.

"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.

Ukrainian President Volodymyr Zelensky hailed the deal in a video address to the EU leaders as "a clear signal that Ukraine will withstand and that Europe will withstand".

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 criticised 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.

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.

T.Dixon--TFWP