European Parliament approves 50 billion euro aid package for Ukraine

The European Parliament voted to approve the 50 billion euro ($54 billion) aid package to Ukraine, known as the Ukraine Facility, as part of the EU budget on February 27, Report informs, citing Kyiv Independent.

The package provides funding for Ukraine from 2024 to 2027.

After months of obstruction by Hungary, European leaders agreed on the four-year financing for Kyiv during a European Council summit on February 1.

The Ukraine Facility was approved in the European Parliament with 536 votes in favor, 40 against, and 39 abstentions.