European Council President Charles Michel announced that all 27 European leaders have reached an agreement on a €50 billion ($55 billion; £43 billion) aid package for Ukraine.

"We have a deal," Michel shared on X, formerly Twitter, emphasizing that the agreement secures steadfast, long-term, and predictable funding for Ukraine.

Concerns had arisen regarding the potential blocking of the aid package by Hungary's Prime Minister Viktor Orban, who had previously opposed similar measures during a European summit in December.

Orban expressed a desire to reevaluate the EU's policy towards Ukraine and questioned the commitment to fund Ukraine for the next four years. Diplomatic sources revealed that the new agreement incorporates a yearly discussion of the package, with the option to review it in two years if necessary.

While Orban had advocated for an annual vote on the package, there were concerns that this approach could expose the deal to potential annual vetoes from Hungary.

Ursula von der Leyen, the president of the European Commission, hailed the agreement, stating that today is "a good day for Europe." Polish Prime Minister Donald Tusk, who had criticized Orban's "strange and egotistic game," posted on X, "Viktor Orban could be 'persuaded'... Let's move on." Photo by Unión Europea en Perú from Lima, Perú, Wikimedia commons.