EU Likely to Agree on Ukraine Aid Next Week, Rinkevics Says

  • Rinkevics says disbursement of funding can be negotiated
  • ‘Ukraine needs that money,’ Latvian says amid divisions
WATCH: The deal will either involve all 27 member states or a “different mechanism,” Rinkevics says.Source: Bloomberg
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European Union leaders are moving toward an agreement next week to transfer some €50 billion ($54.1 billion) in aid to Ukraine, Latvia’s leader said.

President Edgars Rinkevics said an agreement for Kyiv will either involve a deal with all 27 member states, or a “different mechanism” that would work if unanimity isn’t achieved. Hungary blocked the funding at a meeting in Brussels last month. EU leaders return for a summit on Feb. 1 to finalize a deal.