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Just an hour into the special European Council meeting, the council’s president Charles Michel announced: “We have a deal. All 27 leaders agreed on an additional €50-billion support package for Ukraine within the EU budget. This locks in steadfast, long-term, predictable funding for Ukraine.”
The fund, worth about $54 billion, aims to support Ukraine immediately and through the end of 2027.
Ukraine’s president Volodymyr Zelenskyy expressed his gratitude, saying that continued financial support from the EU for his country would strengthen long-term economic and financial stability, which he said was “no less important than military assistance and sanctions pressure on Russia.”
Since Russia’s invasion of Ukraine, the EU and its 27 member states have provided over $96 billion in financial, military and humanitarian aid as well as assistance to the roughly 8 million Ukrainian refugees who have fled to EU member states.
€18 billion / year is a paltry and inadequate sum. €6 billion is necessary to cover the cost of 155mm ammunition alone. European defense efforts are contemptible and deserving of conquest and enslavement by Russia. I advise to root hog or die.
And USA is providing what? Ask Congress!