Wednesday, June 19, 2024
Wednesday, June 19, 2024
Home » EU Urges Significant Increase in Military Aid for Ukraine

EU Urges Significant Increase in Military Aid for Ukraine

by Flynn Owen
0 comment 80 views

The EU foreign policy chief Josep Borrell made the appeal to European governments to boost the reservoir, which is known as “the European Peace Facility (EPF),” European sources told Reuters on Wednesday.

Already, as much as 4.6 billion euros ($4.9 billion) has been drawn from the fund to finance Ukraine’s war machine, which has been facing off a Russian “special military operation” since last year.

Russia says it has launched the operation to defend the pro-Russia population in the eastern Ukrainian regions of Luhansk and Donetsk against persecution by Kyiv.

The United States and its European allies have been flowing huge chunks of cash as well as remarkably advanced military equipment towards Ukraine since the beginning of the Russian operation.

Moscow says the sustained and generous financial and arms support for the Ukrainian military would only prolong the warfare.

Borrell’s proposal requires the approval of the EU’s national governments.

They agreed last December that, “in case of need,” such an increase could be justified.

The fund, established in 2021, was originally conceived for the EU to help developing countries buy military equipment.

EU countries contribute to the fund according to the size of their economies.

Borrell’s proposal came two days after Politico, an American news and analysis website, reported that the United States had problems providing funds for the weapons and munitions that it heads to Ukraine. 

Source: mehrnews

You may also like

Yew Media is a global leader in the online news. We seek to inform and engage with our readers. Staffed 24 hours, seven days a week by a dedicated team around the globe, we deliver news from journalists around the world. We are contrarian truth-seekers and truthtellers. We are journalists united by a mission to inform and engage with our readers. We bear witness to history as it unfolds and explain not just what happened, why it happened and what it means to our readers and the public. We are contrarian, we are committed to the news, speaking truth to power.

Yew Media, A Media Company – All Right Reserved.