All 27 EU leaders have agreed a €50bn aid package for Ukraine after Hungary had previously blocked the deal.
Ukrainian President Volodymyr Zelensky welcomed the new funding, saying it would strengthen the country's economic and financial stability.
Ukraine's economic ministry said it expects the first tranche of funds in March.
There had been fears Hungary's PM would again block the package as he did at a European summit in December.
Viktor Orban, Russian President Vladimir Putin's closest ally in the EU, had said he wanted to force a rethink of the bloc's policy towards Ukraine and questioned the idea of committing funds for Kyiv for the next four years.
The package will help to pay pensions, salaries and other costs over the next four years. It comes as US military aid for Ukraine - the largest provider of military support for Kyiv - is being held up by Congress.
News of the agreement was announced less than two hours after the summit started, surprising many observers who had expected talks to go on much longer due to the depth of disagreement between Mr Orban and the other EU leaders.
@JusticeDovesLibertarian4mos4MO
The money laundering scheme continues! Most military aid to Ukraine ends up in the coffers of the US defense industry, but corrupt Ukrainian officials are taking a chunk too.
Is Israel/Gaza also a money laundering exercise?
What's the difference between Ukraine, and the conflict in the Middle East?
@Pl4tformDuckDemocrat4mos4MO
None, just the current headline & someone got caught red handed
Difference is, the plumbing for laundering in Middle East is a well oiled machine as it’s went on for decades & there’s plenty of factions to help
LNG market IS where majority of dark $ reciprocates thru Ukraine
@OryxMackenzieDemocrat4mos4MO
People aren’t being arrested in Israel for embezzlement or money laundering. They are in Ukraine. Fairly easy to tell the difference.
@VetoPorpoiseUnity4mos4MO
You would figure Ukraine and the defence industry would have played into their strength, corruption. They could have taken 1/4 of the aid $ and just bribed the Russian military. 30B goes along way for Generals, just look at Venezuela. Maybe saved alot of lives and money.
@CockatooBrettGreen4mos4MO
Interesting take. Fight corruption & war w corruption & bribery... Cld work. Like the thinking out of the box!
@9JKYCNJ 4mos4MO
I think we are spending too much on a war where none of our citizens are involved. I think it is more so based on the military-industrial complex than an idea of humanitarian aid and a fight for democracy.
@9JKYZLV4mos4MO
They are spending money they don’t have.
@Patriot-#1776Constitution4mos4MO
Good thing it's the EU this time & not our own government plundering our hard-earned money for the benefit of corrupt officials living five thousand miles away
@9JKP8ZK4mos4MO
The world should know whats going on
@ISIDEWITH4mos4MO
@ISIDEWITH4mos4MO
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