Brussels, Dec 13 (AP) The European Union reached a deal in principle to send an 18 billion euro (USD 18.93 billion) financial aid package to Ukraine and approve a minimum tax of major corporations in a big move that overcame a rift between the European Union and recalcitrant member Hungary.

The 27 envoys of the EU nations reached the deal late on Monday in a move 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.

Also Read | India-China Faceoff: PLA Troops Approach LAC in Arunachal Pradesh, Clash With Indian Soldiers; Minor Injuries on Both Sides.

Hungary had used its veto up to now to get the two major deals through, amid complaints from others that Orban was abusing his powers so he could get his recovery and aid funds.

“Megadeal!,” the EU's Czech presidency said on Twitter. The deal is still tentative because it needs to be signed off on but no major obstacles are expected.

Also Read | Canada Shocker: Indian-Origin Sikh Man Shot Dead in Alberta, Second Such Killing in December.

The deal comes ahead of Thursday's summit of EU leaders and a continued rift with Budapest could have turned the meeting into a messy affair.(AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)