EU urges member states to tap €21.3 billion SAFE fund to boost defence, support Ukraine
The Commission wants member states to use the loans for joint weapons buying and urgent air and missile defense, with Ukraine included in the projects.
- On Wednesday, EU Council President António Costa urged international partners to close a €70bn funding shortfall for Ukraine in 2027, after President Volodymyr Zelensky warned that total war-related spending will reach €155bn.
- Brussels previously agreed to a €90bn loan covering 2026 and 2027, meant to meet two-thirds of Ukraine's financing needs, but the remaining third from international partners is currently secured only for 2026.
- EU member states have provided 80 percent of external aid to Ukraine; Costa reported €16bn disbursed this year, with another €17bn potentially available pending anti-corruption reforms.
- Ahead of the EU-UK summit on November 20, European Commission official Maroa indicated on Monday that Britain will be asked to increase funding to Ukraine.
- Victory relies on political will, European Commission President Ursula von der Leyen told MEPs on Wednesday, emphasizing that both the EU and international allies must sustain support for Ukraine against Russia.
146 Articles
146 Articles
EU pushes massive new weapons buying spree with Ukraine - The Daily Bo Snerdley
The European Union is making €21.3 billion, or roughly $23.7 billion, in defense loans available to member states while urging them to purchase weapons alongside Ukraine as Brussels expands its military buildup. The European Commission opened the second funding round Thursday under its Security Action for Europe (SAFE) initiative, inviting all 27 EU countries to request loans, including those that declined to join its initial round, according to…
The European Commission has given the green light to the proposal, addressed to the Council, for the approval of the remainder of the 90 billion loan for Ukraine, amounting to EUR 45 billion for 2027. (ANSA)
Yesterday evening, the European Commission invited the member States of the European Union to benefit from Euro21.3 billion in funding under the second round of the Security Action for Europe (SAFE) programme, with a view to strengthening European defence capabilities and expanding military cooperation with Ukraine.
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