US EditionEU approves €6.3bn defence loan for Lithuania
7 Articles
7 Articles
It is recalled that in September the EU approved the amount of 787 million euros for Greece, compared to the 1.2 billion euros it had requested at the end of July.
The European Commission (EC) on Tuesday approved defense financing for Lithuania under the SAFE initiative - a preliminary loan of more than EUR 6.3 billion is planned for the country, the exact amount will be confirmed after the signing of the agreement. With this money received over the next five years, Lithuania will be able to purchase European military equipment together with its partners.
The Minister of National Defence announced the positive decision of the European Commission regarding the Polish application for the SAFE programme.
The national defense plans of eight more EU member states have been approved by the European Commission. These are Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia, and Finland. They can obtain a low-cost, long-term loan from the Commission to increase their military readiness and purchase modern defense equipment.
The European Commission approved the applications submitted by eight countries to the Common Defense Credit Facility two weeks ago, and now a similar decision has been made for eight more countries. Only three member states are now waiting for their turn: Hungary is among them.
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