Latvia Wants €7B From EU to Cope with Fallout From Russia’s War
18 Articles
18 Articles
Latvian Prime Minister Andris Kulbergs wants the European Union to give Latvia seven billion euros to help cover the military and economic costs of opposing Russia, writes Politico.
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Aletho NewsLatvia wants EU billions for its anti-Russia policies
Riga says lost trade and surging military spending have left the Baltic state carrying an outsized financial burden Latvia wants Brussels to provide billions in additional funding as lost trade with Russia and soaring military spending put growing pressure on the Baltic state’s finances, Politico reported on Monday. Prime Minister Andris Kulbergs told the outlet...
Latvian Prime Minister Andris Kulbergs wants Brussels to give him 7 billion euros to help cover the military and economic costs of confronting Russia, as pressure mounts over the price of the country’s tough stance on Moscow. The money should come from the EU’s next seven-year budget, under a new Competitiveness Fund, to offset higher defense spending and a decline in trade with Russia since Moscow’s full-scale invasion of Ukraine, Kulbergs said…
The budget would amount to almost half of the EUR 15.1 billion that Riga estimates to spend on defence during the next seven years of the European Union's long-term budget.
The head of government of the Baltic State demands £6 billion for defence expenditure and the cost of breaking with the neighbor.
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