European Union Leaders Agree on $54 Billion Ukraine Support Package

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European Union leaders agreed unanimously Thursday on a 50 billion euro ($54 billion) support package for Ukraine, overcoming previous opposition from Hungary.

European Council President Charles Michel celebrated the agreement, saying the EU was taking leadership and responsibility in its support for Ukraine and knows “what is at stake.”

“This locks in steadfast, long-term, predictable funding for Ukraine,” Michel said on X.

Ukrainian President Volodymyr Zelenskyy welcomed the unanimous vote, saying it “proves strong EU unity.”

“Continued EU financial support for Ukraine will strengthen long-term economic and financial stability, which is no less important than military assistance and sanctions pressure on Russia,” Zelenskyy said on X.

Ukrainian Foreign Minister Dmytro Kuleba said Thursday’s approval goes against “any talk about alleged ‘fatigue’ or ‘waning’ support” for Ukraine.

“This is also a clear indication that [Russian President Vlaidimir] Putin's hopes of outlasting Ukraine's and the world's resolve are futile,” Kuleba said.

At the last council summit in December, Hungary vetoed a four-year, $54 billion aid package for Ukraine, arguing the money should not come from the bloc’s budget, as Ukraine is not a member state. All 26 other member states voted in favor of the aid package.

EU financial assistance is vital for Kyiv, said Luigi Scazzieri with the Centre for European Reform.