Europe has demonstrated exactly the kind of unity that is needed and thus has made security commitments to Ukraine. At the same time, this is a signal for the United States that they too must make a decision on helping Ukraine.
On February 1, the European Council unanimously approved a new package of financial assistance for Ukraine for the period 2024-2027 in the amount of 50 billion. This indicates that Europe is taking on security obligations towards Ukraine. Ukrainian President Vladimir Zelensky said this in his evening address to the Ukrainian people on February 1.
“Today is the long-awaited decision of the European Union – 50 billion euros for Ukraine. A support program. Long-term – for four years. And this means: Ukrainians have financial guarantees for our social stability,” the president said.
The EU provides Ukraine with 50 billion euros: when will the government receive the money and how will it be spent?
He added that Europe has demonstrated exactly the kind of unity that Ukraine needs. 27 states voted for this decision.
“This is a clear signal to Moscow that Europe will stand and that Europe will not be broken by any destructive waves that the Kremlin always comes up with. But at the same time, this is a clear signal across the Atlantic – a signal that Europe is taking on obligations. Security obligations. Strong. We are waiting for America’s decisions,” said Vladimir Zelensky.
Let us recall that on February 1, the President of the European Council, Charles Michel, said that the decision to allocate 50 billion to Ukraine was supported by all 27 EU members. President Vladimir Zelensky stressed that the allocation of a new aid package “proves the powerful unity of the European Union.”
Previously, the allocation of funding for Ukraine was blocked by Hungary. Information subsequently appeared in the media that EU leaders were ready to sabotage the country's economy if it did not change its position. Hungary claimed that their government was being blackmailed.