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EU Finds Legal Way to Circumvent Hungarian Veto, Allocates €1.4 ...
2024-06-24 23:58:43

EU Finds Legal Way to Circumvent Hungarian Veto, Allocates €1.4 Billion for Ukraine Military Aid

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EU member states have devised a plan to utilize €1.4 billion from frozen Russian assets for military support to Ukraine, overcoming a Hungarian veto. The decision, backed by EU governments, will allocate 90% of the funds to provide military assistance to Ukraine.

This move marks a significant milestone in securing financial aid for Ukraine amid ongoing conflict with Russia, with the EU's foreign policy chief ensuring a legal pathway to bypass Hungary's opposition. The decision reflects a united front by EU nations to bolster Ukraine's defense capabilities, while also imposing sanctions on Russia to curb the sale of strategic goods.

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Read 3 more recent news on this topic

The press radar on this topic:

EURACTIV.com
24. Juni 2024 um 12:15

EU finds legal way to circumvent Hungarian veto on Ukraine support from frozen Russian assets

Politics
Finance
EU member states have found a legal way to use €1.4 billion in revenue from frozen Russian assets to send military support to Ukraine, bypassing a Hungarian veto. The decision, approved by EU governments, aims to allocate 90% of the funds for military aid to Ukraine.
EURACTIV.de
24. Juni 2024 um 15:13

1.4 Billion for Ukraine: EU Circumvents Hungarian Veto

Politics
Finance
The EU member states have decided to use 1.4 billion euros from frozen Russian assets to provide military support to Ukraine. This was made possible after the EU's foreign policy chief, Josep Borrell, found a legal way to circumvent a Hungarian veto. The decision is part of a plan to make more than 2.5 billion euros from such unexpected gains available to Ukraine this year.
Tagesschau - Aktuelle Nachrichten aus Europa
24. Juni 2024 um 17:13

EU Foreign Ministers on Ukraine Military Aid Circumvented

Politics
The EU foreign ministers meeting in Luxembourg decided to strengthen military aid to Ukraine. Hungary had previously opposed military support for Ukraine, but the other EU countries have found a way to bypass Hungary. In addition, a sanctions package against Russia was adopted, which restricts the sale of liquefied gas and dual-use goods.
Thế giới - VnExpress
24. Juni 2024 um 17:58

Ukraine to receive profits from Russia's assets next week

Politics
Economy
Ukraine is set to receive profits from Russia's frozen assets in two installments, with the first installment of nearly $1.5 billion expected next week. The European Union (EU) official, Josep Borrell, stated that Ukraine has established a process to expedite the receipt of these funds. The profits from Russia's frozen assets will be used to support Ukraine's reconstruction and defense needs.
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