EU Commits €5 Billion for Ukraine Military Aid

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Source: Reuters
EU Commits €5 Billion for Ukraine Military Aid
Photo: Reuters
TL;DR Summary

European Union countries have agreed to allocate 5 billion euros for military aid to Ukraine through the revamp of the European Peace Facility fund, providing crucial support as Ukraine battles against Russia's invasion. The fund will prioritize the European defense industry but allow flexibility for urgent needs, including a Czech initiative to purchase artillery shells from non-European countries. The agreement also includes measures to address concerns from countries like Hungary, ensuring their contributions will fund military aid to other nations.

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