European Council President Charles Michel says the 27 EU countries have sealed a deal on aid to Ukraine just over an hour into a summit of the bloc's leaders and despite threats from Hungary to veto the move.
We have a deal, Michel said in a post on X, formerly known as Twitter. He wrote that all 27 leaders agreed on an additional 50-billion-euro (USD 54 billion) support package for Ukraine within the EU budget.
The announcement came despite staunch objections from Hungary in December and in the days leading up to Thursday's summit in Brussels.
Michel said that the move locks in steadfast, long-term, predictable funding for Ukraine, and demonstrates that the EU is taking leadership and responsibility in support for Ukraine; we know what is at stake.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)