EU Council Mobilizes EUR 4.9 Bln for Ukraine Through European Peace Facility
11 Articles
11 Articles
The EU Council announced on Monday the allocation of Euro4.9 billion under the European Peace Fund (EPF) to support Ukraine, of which Euro4.7 billion will be reimbursed
<p>EU Council allocates 4.7 billion euros in compensation to member states for support of Ukraine The EU Council has approved 4.7 billion euros in compensation to states for military support of Ukraine. Another 230 million euros will go to the EUMAM mission.</p>
The Council of the European Union has agreed to the partial reimbursement to member states for the military aid they provided to Ukraine. This amounts to 4.7 billion euros. In addition, an extra 230 million euros has been made available for the EU assistance mission for Ukraine. The funds from the European Peace Facility (EPF) were pledged last month.
EU member states have agreed to release €4.9 billion from the European Peace Fund to support Ukraine with military aid. Of this amount, €4.7 billion will be repaid to previously provided countries, while €230 million will be transferred to the EU Military Assistance Mission in Ukraine.
The EU has decided to mobilise EUR 4.9 billion for Ukraine through the European Peace Support Mechanism for military aid and strengthening the training of Ukrainian forces.
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