EU strikes deal with Hungary over Ukraine aid, tax plan, recovery funds

Hungary's Prime Minister Viktor Orban arrives for the European Union leaders summit, as EU's leaders attempt to agree on Russian oil sanctions in response to Russia's invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron/File Photo

BRUSSELS (Reuters) - European Union governments on Monday struck a deal with Hungary that sorts out financial aid for Ukraine in 2023 and Budapest's approval for a global minimum corporate tax in exchange for the EU showing some flexibility about EU funds for Hungary.

The complex deal, which came after months of wrangling between EU institutions, governments and Hungary, means Ukraine will get 18 billion euros from the EU budget next year in stable and predictable financing that will allow Kyiv to plan ahead.