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.

EU approves € 5 bln military fund for Ukraine

After weeks of disagreement, the EU has agreed to a €5 billion boost to the fund for Ukraine’s military aid.
EU approves € 5 bln military fund for Ukraine
EU foreign policy chief Josep Borrell. Photo: Josep Borrell via X/Twitter.
EU approves € 5 bln military fund for Ukraine

The EU ambassadors have agreed to allocate another 5 billion euros to the European Peace Facility fund for military aid to Ukraine, announced EU foreign policy chief Josep Borrelll.

“We made it. The Fund will allow us to step up our military support to #Ukraine with another €5 billion. The message is clear: we will support Ukraine with whatever it takes to prevail,” Borrelll wrote on the social media platform X.

This takes the total disbursed by the fund for Ukraine to €12 billion since Russia’s invasion in 2022. The fund reimburses EU states for weapons and training provided to Ukraine.

In January, Borrelll proposed absorbing the EPF’s existing 6.5 billion euro assets into a new Ukraine-dedicated military fund, topped up by 5 billion annually over 4 years.

However, talks dragged on due to disputes over criteria like whether to discount bilateral donations from national contributions and whether to prioritize EU-made arms.

The approved plan increases joint procurement from EU defense firms and Norway. But it allows flexibility to purchase non-EU weapons during a transition period, unlike France’s push for an EU-only supply chain.

Previously, 80% of the bloc’s Ukraine military aid spending went outside the EU, mostly to the US.

The final decision is supposed to be approved at the next EU Foreign Affairs Council meeting, said Ukrainian FM Dmytro Kuleba.

In February, the EU has approved a €50 billion non-military aid package to support Ukraine’s economy through 2027. The funds consist of grants and loans financed from the EU budget.

Read more:

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!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Related Posts