EU Approves 5 Billion Euro Boost for Ukraine Military Fund

EU Approves 5 Billion Euro Boost for Ukraine Military Fund

Post by : Dr. Amrinder Pal Singh

In Brussels, EU member states have agreed to inject €5 billion ($5.5 billion) into a central fund dedicated to providing weapons support to Ukraine. This significant decision comes at a critical juncture as Ukraine's other major ally, the United States, exhibits wavering support, while its forces face significant challenges in repelling Russian aggression.

The agreement was facilitated during Belgium's tenure as the EU's rotating presidency. Ambassadors representing the bloc's 27 nations reached a consensus "in principle" to allocate the funds to support arms supplies to Kyiv in 2024.

Following Russia's full-scale invasion of Ukraine in 2022, the European Union undertook a historic move to finance weapons deliveries to a country engaged in conflict. Since then, approximately €6.1 billion from the central European Peace Facility has been committed primarily to reimburse member states for arms sent to Ukraine.

However, efforts to bolster the EU fund by an additional €5 billion faced obstacles, notably from Germany and France. Germany sought to offset its bilateral support for Ukraine against its contribution to the fund, while France advocated for prioritizing purchases from European defense firms.

A compromise was eventually reached, allowing Germany to offset a percentage of its bilateral support against the fund. France secured a commitment that member states would prioritize purchases from European defense firms, with the option to seek supplies outside the EU if certain items were unavailable.

Despite ongoing ammunition shortages and the US's announcement of a $300 million weapons package for Ukraine, further funding remains stalled in the US Congress. Concerns have emerged in Europe about the implications of insufficient support for Kyiv, potentially leading to its defeat and emboldening further Russian aggression.

Efforts to boost Europe's defense industry and support Ukraine will be discussed at an upcoming EU summit in Brussels. However, the EU acknowledges its struggle to meet prior commitments, such as supplying Ukraine with a million artillery shells by this month.

Meanwhile, Russia has intensified its arms production, receiving significant deliveries from Iran and North Korea. The situation underscores the urgency for the EU to bolster Ukraine's defense capabilities and strengthen its own defense industry to counter future threats.

March 14, 2024 1:57 p.m. 6775

#breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #EU #Ukraine #MilitaryAid #Belgium #USsupport #RussianAggression #DefenseIndustry #EUsummit #EuropeanUnion #PeaceFacility #WeaponsSupply #Germany #France #DefenseFirms

A Woman who becomes hope for thousands - The Story of a UAE-Born Changemaker - Tasneem Khamkar.

A Woman who becomes hope for thousands - The Story of a UAE-Born Changemaker - Tasneem Khamkar.
May 9, 2025 3:19 p.m. 302

Her story begins not in adulthood, not in fame or hardship... Read More

Chrome Named Most Data-Hungry Mobile Browser in New Study

Chrome Named Most Data-Hungry Mobile Browser in New Study
May 9, 2025 4:19 p.m. 453

Chrome is the most data-hungry mobile browser, collecting extensive user data. Learn what it tracks and how it compares to other browsers... Read More

A Woman who becomes hope for thousands - The Story of a UAE-Born Changemaker - Tasneem Khamkar.
May 9, 2025 3:19 p.m.
Her story begins not in adulthood, not in fame or hardship
Read More
Chrome Named Most Data-Hungry Mobile Browser in New Study
May 9, 2025 4:19 p.m.
Chrome is the most data-hungry mobile browser, collecting extensive user data. Learn what it tracks and how it compares to other browsers
Read More
Khalifa Fund Showcases UAE Startups at SusHi Tech Tokyo
May 9, 2025 3:52 p.m.
Khalifa Fund highlights UAE startups at SusHi Tech Tokyo 2025, focusing on innovations in agriculture, biotech, sports tech, and AI technologies
Read More
Crown Prince of Abu Dhabi to Visit Kazakhstan for Talks
May 9, 2025 3:48 p.m.
Sheikh Khaled bin Mohamed bin Zayed to visit Kazakhstan, strengthening ties and exploring strategic partnerships for sustainable development and prosperity
Read More
Abu Dhabi Joins UNU’s RCE Network for Sustainable Education
May 9, 2025 3:44 p.m.
Abu Dhabi becomes the first GCC center for environmental education, leading sustainability efforts through EAD's naha platform for global impact
Read More
Abu Dhabi Expands San Francisco Office to Boost Global Health Innovation
May 9, 2025 3:38 p.m.
Abu Dhabi Investment Office expands in San Francisco to drive global healthcare innovation and attract investment through HELM cluster by 2045
Read More
Sheikh Hazza Attends Wedding Reception of Saeed and Rumaithi
May 9, 2025 3:23 p.m.
Sheikh Hazza bin Zayed attends the wedding reception of Saeed Al Nuaimi and the daughter of Saeed Al Rumaithi in Abu Dhabi, congratulating the couple
Read More
Netflix 2025 Arrivals: Top Series and Films to Watch
May 9, 2025 3:12 p.m.
Netflix 2025 Arrivals: See the full list of upcoming series and films, from Stranger Things 5 to new originals and global hits.
Read More
AD Ports Group & Federal Youth Authority Empower Al Dhafra Youth
May 9, 2025 3:18 p.m.
AD Ports Group and Federal Youth Authority sign a partnership to empower youth in Al Dhafra, offering job opportunities, skill development, and community growth
Read More
Hamdan bin Mohammed Approves Policies for Healthcare & Smart Buildings
May 9, 2025 3:09 p.m.
Sheikh Hamdan bin Mohammed approves new initiatives to improve healthcare, family welfare, education, and smart buildings in Dubai, focusing on people wellbeing
Read More
Sponsored
https://markaziasolutions.com/