Conflicts & War

EU adds 3.5 billion euros to Ukraine war chest

Brussels, Jun 21 (EFE).- The European Union (EU) on Wednesday approved adding 3.5 billion euros ($3.8 billion) to a fund used to finance military aid for Ukraine against the Russian invasion.

“This decision reaffirms the EU’s commitment to supporting its partners in the field of security and defence,” tweeted the Swedish Presidency of the Council of the EU.

On May 23, the EU foreign policy chief Josep Borrell Josep Borrell, proposed to the EU’s defense ministers during a council in Brussels to extend the Ukraine war fund, or European Peace Facility, by 3.5 billion euros (at 2018 prices).

So far, 3.6 billion euros of that fund have been used for Ukraine since the beginning of the Russian invasion in February 2022.

This fund is not just dedicated to Ukraine, but to improve the EU’s capacity to prevent conflicts, build peace and strengthen international security.

Of the new allocation, 1 billion euros are expected to go to Ukraine and 2.5 billion to other countries. EFE


Related Articles

Back to top button