EU Bypasses Hungary to Approve €1.4 Billion Military Aid for Ukraine, Sanctions Russia

June 24, 2024
EU Bypasses Hungary to Approve €1.4 Billion Military Aid for Ukraine, Sanctions Russia
  • EU foreign ministers approved €1.4 billion in military aid for Ukraine from frozen Russian assets, bypassing Hungary's blockade.

  • An additional 1 billion euros in aid is expected by the end of the year.

  • Decision to proceed without Hungary's approval was due to their abstention from a previous decision.

  • New sanctions against Russia were agreed upon, targeting LNG deals and sanctions evasion.

  • The EU banned Russian government funding to political parties and media outlets to counter Russian interference.

  • President Zelensky called for more advanced weapons, with the Czech Republic coordinating ammunition delivery from undisclosed third countries.

  • Russia threatened retaliation against new EU sanctions, including targeting individuals and investments in Russian projects.

  • The EU aims to quickly utilize the funds for Ukraine's benefit, with the first installment available in July.

Summary based on 8 sources


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