Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Zelenskyy urges EU leaders to approve billions of Euros for weapons fund

The fund would have an annual budget of approximately €5 billion focused on joint procurement of weapons and training Ukrainian troops
Zelenskyy EU council
Zelenskyy addresses the EU Council Screenshot from video shared on his Twitter

In an impassioned video address to European Union leaders on Thursday, Ukrainian President Volodymyr Zelensky appealed for the creation of a multi-billion euro fund to provide weapons and military aid to Ukraine.

The fund will allow more stable military support for Ukraine as North Korea and Iran, ramp up their arms delivery for Russia’s war.

Zelensky stressed that unity among EU nations is critical to establish the proposed “Ukraine Assistance Fund” within the European Peace Facility. He called for at least EUR 5bn per year over a period of 4 years, describing it as a “clear priority.”

“While North Korea and Iran are supplying Russia with weapons, unfortunately, the implementation of the European plan to supply one million artillery shells to Ukraine is being delayed,” Zelensky said. “And this too is a signal of global competition, which Europe cannot afford to lose.”

The Ukrainian leader welcomed the EU’s approval of EUR50 bn for the new “Ukraine Facility” which he said “sends a strong signal that Ukraine will withstand any challenges, as will Europe.”

However, Zelensky emphasized the need for more sustained funding through the proposed weapons fund.

“By launching the EU’s Ukraine Facility, we are creating a sustainable financial instrument that will work not only today but also tomorrow and will strengthen Ukrainian resilience,” he said.

Zelensky credited EU unity for sending “a signal across the Atlantic and around the world that the international rules-based world order will endure challenges.”

“Europe sets the tone for global affairs through its unity. This is already a fact. And it must remain this way,” he added.

The Ukrainian president concluded by expressing his faith in the EU, saying, “I believe that European unity will preserve normal life on our continent. I am as confident in this as you all are.”

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!
Total
0
Shares
Related Posts