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The Independent UK
The Independent UK
National
Raf Casert

EU reaches deal on Ukraine aid, tax on big corporations

Copyright 2022 The Associated Press. All rights reserved

The European Union reached a deal in principle to send an 18 billion euro ($18.93 billion) financial aid package to Ukraine and approve a minimum tax on major corporations in a big move that narrowed a rift between the bloc and recalcitrant member Hungary.

The 27 envoys of the EU nations reached a tentative agreement late Monday in a deal that also sees Budapest getting a bigger part of promised funds that had long been in jeopardy over complaints by the other member states that Prime Minister Viktor Orban had veered away from the democratic rule of law.

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