EU decision to provide Kyiv with €50 bln for the next 4 years will definitely be approved – deputy PM for EU integration

There is no risk that Ukraine will be left without EU funding, says Vice PM for EU integration Olha Stefanishyna, as she expects more aid to come for the next four years.

The Vice Prime Minister is currently on a visit to Brussels, where the EU is starting to "screen Ukraine" before starting accession talks.

"We have at least three or four scenarios for making this decision on the table, but we are fighting for the best and most predictable one for us – 50 billion euros for four years, voted by consensus of all states." 

On February 1, a special meeting of the European Council will be held, during which EU leaders will decide on amendments to the EU's multi-annual budget for 2024-2027.

The EU Commission has proposed increasing the common budget by €66 billion to cover the next four years, part of which should be used for financial support to Ukraine.

On October 17 last year, the EU Parliament supported an initiative to create the Ukraine Fund, a new financial instrument for Ukraine worth up to €50 billion for the period from 2024 to 2027.

At the EU summit, Hungarian Prime Minister Orban spoiled Kyiv's moment of celebration and pleased the Kremlin by vetoing a four-year, €50 billion financial aid package.

Hungary had previously said it might lift its veto on the package, provided the funding is reviewed annually. According to media reports, the European Commission is ready to accept some of Budapest's demands.