Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Bloomberg: Germany expects EU to provide Ukraine aid even without Hungary approval

Germany expresses confidence EU will discover method to deliver $55 billion Ukraine aid bypassing Hungary veto of package.
Illustrative image
Ukrainian flags outside the EU Parliament building in Brussels. Illustrative image. Photo via European Interest.
Bloomberg: Germany expects EU to provide Ukraine aid even without Hungary approval

Germany anticipates that European Union member states will proceed with their next Ukraine support package, even if Hungary persists in blocking a unanimous decision, Bloomberg reports.

The EU explores ways to deliver a $55 billion aid package to Ukraine after Hungary’s veto, demanding unanimous approval from member states for the funds’ release. Proposals include member states providing national guarantees to raise funds in financial markets that could circumvent using the EU budget.

FT: EU crafts €20 bn plan B for Ukraine aid to bypass Hungary veto

During a regular government news conference in Berlin, Germany’s Foreign Ministry spokesman Christian Wagner announced that Chancellor Olaf Scholz’s coalition government is committing €8 billion in military support for Ukraine in 2024, while emphasizing Berlin’s strong advocacy for the approval of the larger EU aid package worth €50 billion in the coming year.

“The EU-26 will, of course, also be able to act. But I don’t want to speculate now on how such support could be organized. This also requires further consultation in Brussels,” Wagner added.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts