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EU to release US$7.5 billion linked to Ukraine military aid

EU to release US$7.5 billion linked to Ukraine military aid
Key Points

European Union member countries ⁠have agreed a ⁠deal to release €6.6 billion (US$7.5 billion) in EU funds linked to military aid for Ukraine, EU foreign policy chief Kaja Kallas said on Friday. The money will ‌come from the European Peace Facility, a fund used by EU members to finance military aid to countries outside the bloc. It also refunds EU governments for military aid they have provided.

European Union member countries ⁠have agreed a ⁠deal to release €6.6 billion (US$7.5 billion) in EU funds linked to military aid for Ukraine, EU foreign policy chief Kaja Kallas said on Friday. The money will ‌come from the European Peace Facility, a fund used by EU members to finance military aid to countries outside the bloc. It also refunds EU governments for military aid they have provided. Of the released funds, €900 million will ⁠go to the EU’s military assistance mission for Ukraine and...
EU (ORG) Ukraine (LOCATION) European Union (ORG) Kaja Kallas (PERSON) ‌come (ORG) the European Peace Facility (ORG)
Originally published by South China Morning Post Read original →