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EU to approve military aid fund for Ukraine soon: Borrell reveals details
The EU military aid fund for Ukraine will be established
The European Union is likely to create a fund to help Ukraine within the European Peace Fund in the near future. The fund of 20 billion euros will be designed for the next four years.
This was stated by EU diplomat Josep Borrell. The statement was made in Brussels at an informal meeting of EU foreign ministers.
"Regarding the military support fund for Ukraine. Ministers will have to continue discussing this issue. The European Council has instructed us to continue searching for an agreement. There was an agreement on the civilian side, 50 billion euros is very good news. However, we still have to decide how to implement our military support, both bilaterally and through the European Peace Fund," Borrell said.
According to him, it is proposed to create a separate fund of 20 billion euros within the European Peace Fund specifically for military support to Ukraine. Borrell emphasized that this assistance to our country "must come now".
"Our position remains firm: Ukraine needs more and faster support. This assistance must come now. Ukraine's victory is critically important not only for Ukraine but also for peace and stability in Europe," the diplomat emphasized.
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