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All EU members agree to support €50 billion Ukraine aid, Ukrainian prime minister says

Photo by Frederic Köberl / Unsplash

All 27 member nations of the European Union have agreed to support the EU's €50 billion aid package for Ukraine and it is likely to pass at the start of next month, Ukrainian Prime Minister Denys Shmyhal said.

“On Feb 1 we expect the EU to approve a new four-year EUR 50 billion assistance program for Ukraine – the Ukraine Facility," Shmyhal said at a government meeting. "For the time being, we can say that all 27 EU members have agreed to support this program.”

Shmyhal also said the EU will likely be able to provide the same level of assistance ot Ukraine this year that it did last year, noting that the country needs €18 billion from the EU this year to cover the budget deficit.

He also said he expects a "positive" decision from the US soon and that country's aim to provide $11.8 billion in budgetary aid "in the near future."

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