EU agrees to release €6.6 billion linked to Ukraine military aid
The package includes €4.7 billion in reimbursements, €1 billion for joint equipment purchases and €900 million for an EU training mission.
- On Friday, European Union member countries agreed to release €6.6 billion in military aid for Ukraine from the European Peace Facility, High Representative Kaja Kallas announced.
- The funds had been stalled since spring 2023 by Hungary's previous government under Prime Minister Viktor Orban. That deadlock broke this year after Prime Minister Peter Magyar took power.
- Kallas detailed that €4.7 billion will reimburse member states, €1 billion will fund joint procurement, and €900 million will support the EU's military training mission. Some states may send reimbursements directly to Kyiv.
- Ukrainian President Volodymyr Zelenskyy warned that his country faces a $27 billion Ministry of Defence shortfall. He emphasized that funding for weapons is critical to survive constant strikes.
- Kallas stated, "That's good news for Ukraine and bad news for Russia." She added that Europe is countering Moscow's attempts to intimidate the bloc into reducing support.
19 Articles
19 Articles
The European Union has agreed 6.6 billion euros from the European Peace Fund for military aid to Ukraine: 1 billion will go to joint purchases, 4.7 billion to compensation.
In the EU, the conditions for the allocation of 6.6 billion euros from the Peace Fund for Ukraine have been agreed upon.
EU countries agree to release long-stalled €6.6 billion in Ukraine aid
The decision to release €6.6 billion through the European Peace Facility comes at a critical juncture for Ukraine, which is grappling with a significant shortfall in its Ministry of Defence budget that could jeopardize drone deliveries.
The EU member states have agreed on the conditions for allocating €6.6 billion from the European Peace Fund for Ukraine, Kallas said
The EU member states have agreed on the conditions for allocating €6.6 billion from the European Peace Fund for Ukraine, Kallas said. "€900 million will be used to finance the EU Military Assistance Mission to Ukraine. €1 billion will be allocated for...
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