Tuesday, December 13, 2022

EU strikes deal with Hungary over Ukraine aid

European Union governments struck a deal with Hungary that sorts out financial aid for Ukraine in 2023 and gains Budapest's approval for a global minimum corporate tax, all in exchange for EU flexibility about funds paid to Hungary.

The complex deal came after months of wrangling between EU institutions, member countries and Hungary and was spelled out by the council that represents EU member governments and diplomats speaking anonymously. It means Ukraine will get €18 billion from the EU budget next year.

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