EU likely to agree on aid for Ukraine next week

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.

Report informs via Bloomberg that 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.