EU leaders back €150 billion defence spending plan

From left, European Council President Antonio Costa, Ukraine's President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen

EU leaders have backed a €150 billion defence spending plan at an emergency summit on Thursday although Hungary did not back a statement of support for Ukraine.

All 27 EU countries agreed to consider “as a matter of urgency” European Commission President Ursula von der Leyen’s proposal to issue €150 billion in fresh loans to boost defence spending.

However, a statement of support for Ukraine was supported by only 26 countries, with Vikto Orbán, an ally of Donald Trump and Vladimir Putin, refusing to back the plan.