EU to Boost Ukraine Arms Financing to €2.5BN as Concerns Grow Over Domestic Stockpiles
14th July 2022
The European Union is set to again boost its funding for military arms shipments to Ukraine, expected to be agreed upon by member states at a meeting of foreign ministers on Monday.
They are expected to set aside 500 million euros ($500 million) more in military aid to Kiev, Bloomberg reports, at a moment Russian forces continue unleashing constant artillery strikes on Ukrainian positions in the Donbas.
“That would bring the total arms financing to 2.5 billion euros,” Bloomberg writes. “The bloc in recent months has agreed to several rounds of arms financing for Ukraine under the so-called European Peace Facility, which reimburses governments for military deliveries to Ukraine.”