EU Reflects Upon Unilateral Action to Deliver EUR50 Billion Assistance to Ukraine

(MENAFN) In a bold move, the European Union is reportedly exploring options to deliver EUR50 billion (USD53.4 billion) in aid to Ukraine, even if faced with a potential veto from Hungary, according to undisclosed sources cited by Reuters on Friday. The European Commission has put forth a proposal for additional grants and loans to assist Ukraine in its ongoing conflict with Russia. However, last month, Hungary and Slovakia vetoed the proposed aid package, leading to uncertainties about the European Union's ability to provide crucial financial support.

The upcoming summit in Brussels in December is set to be a decisive moment, as the 27 European Union member states are scheduled to vote on the proposed EUR50 billion aid package. In the event of a renewed veto from Hungarian Prime Minister Viktor Orban, who has consistently advocated for a ceasefire and peace talks in Ukraine, the European Union may employ a workaround strategy. Unnamed officials suggest that the bloc could bypass Hungary's objection by appealing to other European Union governments to individually establish their aid packages for Kiev.

According to one official quoted by Reuters, there is a sentiment that "people get fed up with Budapest holding everyone hostage," and while acknowledging that the workaround is tiresome, it remains a viable option if needed. Another official concurred, emphasizing that "the issue of money for Ukraine will be solved one way or another; Kiev will get European Union support."

Orban's previous explanation for blocking the aid package centered on his belief that it was "obvious" that Kiev "will not win on the frontline." He criticized Brussels' strategy of imposing sanctions on Russia while simultaneously providing financial aid and weapons to Ukraine, characterizing it as a failed approach.

The European Commission has revealed that, since the commencement of Russia's military operation in February 2022, the European Union has already authorized a total of EUR83 billion in military, economic, and humanitarian aid to Ukraine. As the geopolitical landscape evolves, the European Union's commitment to supporting Ukraine remains a focal point, and the outcome of the December summit will undoubtedly shape the trajectory of European Union-Ukraine relations amidst the ongoing conflict with Russia.

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