EU countries agree to unlock $7.5bn tied to Ukraine military support
EU member states have agreed to release €6.6 billion in funds linked to military assistance for Ukraine, EU foreign policy chief Kaja Kallas said. The money comes from the European Peace Facility, which finances support outside the bloc and reimburses governments for aid already supplied.
European Union member states have agreed a deal to release €6.6 billion, or about US$7.5 billion, in EU funds linked to military assistance for Ukraine, EU foreign policy chief Kaja Kallas said on Friday, according to the South China Morning Post. The money will come from the European Peace Facility. The fund is used by EU members to finance military assistance for countries outside the bloc and to reimburse governments for military aid they have already provided.
Kallas said €900 million of the released funds would go to the EU’s military assistance mission for Ukraine. The supplied material ends while describing the allocation and does not provide the distribution of the remaining funds. The report does not specify when the money will be transferred, which member states will receive reimbursements or what military equipment and services the funds will cover.
The agreement represents a decision by EU member countries to make additional funding available through an existing facility connected to support for Ukraine. No reaction from Russia, Ukraine or individual EU governments is included in the available source material.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.