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The European Union adds 2 billion euros to the fund used to arm Ukraine in the midst of war

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The European Peace Facility was created in 2021 to help the EU fund military assistance. (Case)

Brussels:

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 continue to deliver weapons in Kiev.

The 27-nation bloc drained a “peace facility” budget originally planned to last until 2027 in just 10 months of war, as it covered the cost of some weapons sent to fight the Russian invasion.

“The EU remains committed to providing military support to Ukraine and other partners,” EU foreign policy chief Josep Borrell wrote in a social media post.

The European Peace Facility was created last year to help the European Union fund military assistance to its international partners as the bloc seeks to increase its global influence.

Russia’s invasion of Ukraine in February saw the bulk of funds diverted to help arm kyiv, as Brussels broke a long-standing taboo on non-payment for arms deliveries.

Only around 800 million of the facility’s initial budget of 5.7 billion euros until 2027 remained in the pot.

EU foreign ministers meeting in Brussels on Monday reached a “political agreement” to add another two billion euros to the fund next year, a statement said.

That amount could rise to €5.5 billion by 2027 if member states later agree there is a need, he said.

The fund was used to reimburse arms deliveries by individual EU countries to Kyiv.

So far, together with its member states, the European Union has committed about eight billion euros in military support to Ukraine, about 45% of the amount given by the United States.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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