Overall assistance to Ukraine pledged by the European Union and its member states to date amounts to approximately €85 billion, including financial, humanitarian, emergency, budgetary and military support. Discussions are ongoing at European Union level on a Commission proposal for a €50 billion Ukraine facility to cover the period 2024 to 2027. If agreed, this package will allow Ukraine to continue to pay wages and pensions, maintain essential public services, ensure macroeconomic stability and restore critical infrastructure destroyed by Russia. An agreement unfortunately could not be reached at the December European Council due to the decision of Hungary to use its veto. I am deeply disappointed by this failure to make progress. Ukraine urgently needs this multiannual, sustainable and predictable funding, and it is imperative that a consensus be reached at the first possible opportunity.
Ireland strongly supports the proposed Ukraine facility in its current form. I wish to see an agreement reached at the special European Council on 1 February. I raised this issue at the foreign affairs council in Brussels on Monday, where I emphasised the need for timely agreement on this new funding for Ukraine. I was encouraged to hear confirmation from the Hungarian foreign minister that he will meet foreign minister Kuleba and other Ukrainian senior officials in Ukraine next week. We need an early solution to break the impasse in order to get Ukraine the financial assistance it so desperately needs.