---
title: "Can the EU secure stable aid for Ukraine? Hungary holds key"
url: https://moldova1.md/p/23745/can-the-eu-secure-stable-aid-for-ukraine-hungary-holds-key
published: 2024-02-01T05:49:26Z
language: en
author: "Bogdan Nigai"
section: "Social"
source: moldova1.md
---

# Can the EU secure stable aid for Ukraine? Hungary holds key

> EU leaders face a crucial summit on Thursday, attempting to convince Hungarian Prime Minister Viktor Orban to join a plan for stable financial support to Ukraine, Reuters has reported.

EU leaders face a crucial summit on Thursday, attempting to convince Hungarian Prime Minister Viktor Orban to join a plan for stable financial support to Ukraine, [Reuters](https://www.reuters.com/world/europe/eu-leaders-seek-deal-fund-ukraine-hungary-digs-heels-2024-02-01/) has reported.

![Reuters](https://storage.moldova1.md/images/4be456c7-f7f1-4682-8cfb-1fa9f72f105d.jpg)

*Sursa: Reuters*

Failure to reach an agreement could jeopardise crucial aid as the war enters its third year.

**The Plan:** The proposed scheme aims to cover Ukraine's needs from 2024 to 2027 with €33 billion in loans and €17 billion in grants from the EU budget. This would provide Kyiv with more predictable funding compared to current, complex intergovernmental agreements.

**The Impasse:** However, unanimity among all 27 member states is required, and Hungary, maintaining close ties with Russia, insists on holding veto power over annual payments.

**Urgency Mounts:** With Ukraine's funds expected to run out in March, the summit represents the last chance to utilise the EU budget for aid. Delaying would force a return to the earlier, less predictable model.

**EU's Compromise:** To address Orban's concerns, leaders propose an annual debate on how Ukraine utilises EU aid, offering transparency without granting veto power. *"The European Council will hold an annual debate... regarding the EU's approach towards the situation,"* reads a draft proposal.

**Uncertainty Remains:** The Hungarian Ambassador to Brussels expressed Budapest's continued desire for a veto, leaving the outcome of the summit unclear.

Translation by **Iurie Tataru**