European Union adds 2 billion Euros to fund used to arm Ukraine amid war
The European Union on Monday agreed to add two billion euros ($2.1 billion) to a fund used to help arm Ukraine, as it seeks to ensure it can keep delivering weapons to Kyiv, AFP reports.
The 27-nation bloc has drained a "peace facility" budget originally meant to last to 2027 in just 10 months of war as it has covered the cost of some arms being sent to battle back Russia's invasion. "The EU remains committed to provide military support to Ukraine and other partners alike," EU foreign policy chief Josep Borrell wrote in a social media post. EU foreign ministers meeting in Brussels on Monday reached a "political agreement" to add an extra two billion euros to the fund next year, a statement said. That amount could rise to 5.5 billion euros by 2027 if member states agree later there is a need, it said. The fund has been used to reimburse arms supplies by individual EU countries to Kyiv.
