EU urges member states to tap €21.3 billion SAFE fund to boost defence, support Ukraine
10 Articles
10 Articles
Brussels hopes its defence loans may help plug Ukraine’s budget hole
The European Commission has reopened €21.3bn in unspent SAFE defence loans, urging EU governments to use them for joint projects with Ukraine, which faces a €70bn budget gap. Brussels cannot force them, but hopes the joint procurement rules will steer some of the money to Kyiv.
New funding forms part of bloc's broader plan to boost its military readiness
The budget of the European Union did not contain any funds, as the current budget period was coming to an end.
The European Commission (EC) called on EU States to urgently take underutilized military credit resources under the EU SAFE remilitarization programme, as announced by the EC official Tom Rainier today, 29 October.
Brussels rejects Baltic states’ €500 million anti-drone request, suggests borrowing
The European Commission has responded to a request by Lithuania, Latvia and Estonia for 500 million euros to develop anti-drone defences, but has offered no new funding on the scale sought by the three Baltic states.
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