SpaceWar.com - Your World At War
EU to bolster fund used for arming Ukraine
Brussels, Dec 9 (AFP) Dec 09, 2022
The European Union is to add 2 billion euros ($2.1 billion) to a fund used to help arm Ukraine, as paying for weapon deliveries has drained the coffers, European diplomats said Friday.

Diplomats said a preliminary agreement had been struck among the 27-member bloc to bolster the European Peace Facility, which has already committed over 3 billion euros to covering the cost of weaponry for Kyiv.

It was hoped that foreign ministers meeting in Brussels on Monday would formally sign off on the move.

But diplomats said a separate standoff with Hungary over its own frozen EU funds could see Budapest delay approval.

The European Peace Facility was set up last year to help the European Union fund military assistance to its international partners as the bloc looks to increase its global clout.

Russia's invasion of Ukraine in February saw the vast bulk of the fund diverted to help arming Ukraine as Brussels broke a long-standing taboo on not paying for arms deliveries.

Only 800 million of the facility's original budget of 5.7 billion euros to 2027 now remains.

Officials are keen to boost it to ensure the bloc can commit to further helping Ukraine next year as the war drags on.

The fund is used to reimburse arms supplies by individual member states to Kyiv.

So far, together with its member states, the European Union has committed about 8 billion euros to military support to Ukraine, which is about 45 percent of the amount the United States has given.


ADVERTISEMENT




Space News from SpaceDaily.com
Maven stays silent after routine pass behind Mars
Sun boundary map tracks shifting Alfven surface over solar cycle
Mission Space to fly second space weather payload with Rogue Space

24/7 Energy News Coverage
Molecular contacts push tandem solar cells to 31.4 percent efficiency
Asymmetric side chain design boosts thick film organic solar cell efficiency
New analysis links lead cooled reactor corrosion to steel microstructure

Military Space News, Nuclear Weapons, Missile Defense
Autonomous DARPA project to expand satellite surveillance network by BAE Systems
Momentus joins US Space Force SHIELD contract vehicle
IAEA calls for repair work on Chernobyl sarcophagus

24/7 News Coverage
UAlbany Atmospheric Scientist Proposes Innovative Method to Reduce Aviation's Climate Impact
Digital twin successfully launched and deployed into space
Robots that spare warehouse workers the heavy lifting



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.