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European Peace Facility

All articles tagged with #european peace facility

international-relations1 year ago•3 min saved

EU Commits €5 Billion for Ukraine Military Aid

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.

via Reuters|

#eu #european-peace-facility #international-relations

international-relations1 year ago•1 min saved

"European Union Considers Military Aid for Ukraine Amid Russian Threat"

The European Union is likely to approve a military aid fund for Ukraine within the next few days through the European Peace Facility, with EU High Representative Josep Borrell emphasizing the need for swift and substantial support for Ukraine in its struggle for freedom and independence. The proposed aid fund amounts to EUR 20 billion over the next four years and is intended for the supply of military equipment and weapons to Ukraine, as well as for strengthening the EU's defense production potential.

via Ukrinform|

#eu #european-peace-facility #international-relations

international-relations1 year ago•1 min saved

"European Allies Rally for Ukraine's Military Aid Amid Russian Threat"

Poland's Foreign Minister, Radoslav Sikorsky, expressed support for the EU High Representative's proposal to allocate EUR 20 billion for military aid to Ukraine over the next four years through a special facility within the European Peace Facility, emphasizing the importance of European defense. The proposal aims to not only provide military aid to Ukraine but also develop the capacity of the European defense industry.

via Ukrinform|

#eu #european-peace-facility #international-relations

politics2 years ago•1 min saved

EU boosts security aid to Ukraine with €3.5B increase in EPF ceiling.

The Council of the EU has increased the financial ceiling of the European Peace Facility (EPF) by €3.5 billion, bringing the total to over €12 billion. The EPF was established in March 2021 to finance all common foreign and security policy actions relating to military and defence matters. The EU has provided Ukraine with seven security assistance packages totaling €3.6 billion, and the EPF will continue to provide and boost security assistance to Ukraine and other partner countries.

via Ukrinform|

#eu #european-peace-facility #military-support

international-relations2 years ago•1 min saved

EU Boosts Security Assistance to Ukraine with €3.5B Increase in EPF Ceiling

The Council of the EU has increased the overall financial ceiling of the European Peace Facility (EPF) by €3.5 billion, allowing for continued and enhanced security assistance to Ukraine. This decision demonstrates the EU's enduring commitment to military support for Ukraine and other partner countries. The EPF has already provided Ukraine with seven security assistance packages totaling €3.6 billion, and the EU has allocated additional funds for ammunition supply and production of artillery rounds. The EPF also supports other partner countries in strengthening their resilience and stability. Since the start of the Russian aggression, the EU has provided Ukraine with aid totaling about €70 billion, including over €10 billion in security assistance.

via Ukrinform|

#eu #european-peace-facility #funding-increase

politics2 years ago•1 min saved

Hungary halts EU military aid to Ukraine.

Hungary has blocked the disbursement of the next tranche of military support for Ukraine provided under the EU's European Peace Facility (EPF), citing concerns that the EPF is being used solely for Ukraine and not for promoting the EU's interests in other areas such as the Balkans or North Africa. Hungary has also refused to provide any military equipment to Ukraine and has been critical of EU sanctions against Russia. The EU has provided a total of about 3.6 billion euros for military support for Ukraine so far under the EPF.

via Reuters|

#eu #european-peace-facility #hungary