EU countries agree to release €6.6 billion in military aid funds linked to Ukraine
The agreement allocates funds to an EU military mission, joint equipment purchases and reimbursements to member states.
Kyiv, Ukraine. European Union member countries have agreed to release €6.6 billion in funds linked to military aid for Ukraine, EU foreign policy chief Kaja Kallas said on Friday. It remains unclear how much of the money will directly benefit Ukraine.
How the funds will be used
The money will come from the European Peace Facility, which finances military aid by EU members to countries outside the bloc and reimburses governments for aid they have provided.
In a post on X, Kallas said €900 million would go to the EU’s military assistance mission for Ukraine and €1 billion would fund new joint procurement of equipment. The remaining €4.7 billion will reimburse member states, some of which have said they would channel their share to Ukraine.
Funds held up for months
Ukraine-related money had been held up in the fund for months, initially blocked by the previous Hungarian government under Russia-friendly Prime Minister Viktor Orban.
“That’s good news for Ukraine and bad news for Russia,” Kallas said. She said Moscow’s hybrid attacks were intended to intimidate Europe into reducing its support for Ukraine, but that Europe was doing the opposite.
Individual EU governments will decide how much of their reimbursements to allocate to fresh military aid for Kyiv.
This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →