EU announces financial aid for Ukraine 

The European Union (EU) will extend 50 billion euros ($54 billion) in new aid to Ukraine.

European Union leaders unanimously agreed on a unanimous deal at a crunch summit in Brussels on Thursday.

Before the summit started, EU leaders piled pressure on Hungary to lift its block, telling Prime Minister Viktor Orban to pick sides in what several saw as an existential challenge posed by Russia's war in Ukraine, the biggest conflict in Europe since World War Two.

Ukrainian President Volodymyr Zelenskiy welcomed the agreement, saying the aid would strengthen long-term economic and financial stability of his country as the war approaches its third year.

Ukrainian Prime Minister Denys Shmygal also hailed the deal that was initially blocked by Hungary.