Politics
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...