Two more planeloads of energy equipment to leave US this week; EU makes deal with Hungary after months of wrangling
- Russia-Ukraine war at a glance
European Union governments on Monday 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 on Monday by the council that represents EU member governments and by diplomats speaking anonymously. It means Ukraine will get €18bn from the EU budget next year.
Budapest had been vetoing making payments by that stable, predictable and cheaper means, rather than by the bilateral loans that member countries have been extending to Kyiv.
It also agreed to drop its veto over the OECD-agreed global minimum corporate tax of 15% to be applied to large international corporations where they make money, rather than where they set up offices for tax purposes.
The United States has shipped the first part of its power equipment aid to Ukraine, US officials said on Monday, as Washington works to support the country’s energy infrastructure against intensifying attacks from Russia.
The first tranche was power equipment worth about $13m, one of the officials said. Another source familiar with the matter said two more planeloads of equipment would leave from the United States this week.
A US official said the equipment departed from a US military base. The first tranche is part of the $53m aid announced last month, after Ukraine said it needed transformers and generators as well as air defence systems.
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