To meet that purpose, the EU agreed to provide Kyiv €50 billion.
Ukrainian President Volodymyr Zelenskyy stated he was “grateful” to Charles Michel and EU leaders for establishing the €50 billion Ukraine Facility.
“It is extremely necessary that the choice was made by all 27 leaders, which as soon as once more proves robust EU unity,” Zelenskyy tweeted.
“Continued EU monetary help for Ukraine will strengthen long-term financial and monetary stability, which isn’t any much less necessary than army help and sanctions strain on Russia,” he added.
The European leaders managed to win over Orbán with three additions, diplomats stated. There might be an annual report by the European Fee on the implementation of the help bundle, there might be a debate at leaders stage on the implementation of the bundle and whether it is wanted, in two years the European Council will ask the Fee suggest a evaluation of the brand new funds, in line with the most recent model of the draft European Council conclusions.
EU leaders added a line referring to earlier conclusions from December 2020 to ensure that that the way in which rule of regulation in Hungary is evaluated by the European Fee is finished in a good and goal method.