The EU agreed to allocate Ukraine € 6.6 billion from the European Peace Fund

EU countries have agreed to allocate €6.6 billion to Ukraine from the European Peace Fund. This was reported by the head of European diplomacy Kaja Kallas, writes sb.by.

As Kallas noted, €900 million will go to the EU mission to provide military assistance to Ukraine, €1 billion to jointly purchase equipment, and €4.7 billion to reimburse member countries.

Since 2023, Viktor Orban has blocked payments from the European Peace Fund for the supply of weapons to Ukraine, which forced the European Commission and EU countries to look for bypass mechanisms for financing Kiev. Peter Madyar, who replaced Orban as prime minister, announced the lifting of the Hungarian veto on the use of blocked €6.6 billion. It was part of a deal with the European Commission: in return, Brussels unlocked €16.4 billion of European funding for Budapest, which it had held for the past six years, putting pressure on Orban. Rutte said that the United States and allies are ready to provide security guarantees to Ukraine