The European Peace Fund, where the tranche will come from, is not included in the EU budget, but is formed by contributions from member states and is intended to finance EU security operations.
During the last meeting, the Council of Ministers of the European Union approved the allocation another tranche of aid to Ukraine worth € 500 million. Their purpose is to purchase military equipment and ensure the right to self-defense, EU High Representative Josep Borrell said during a press conference following the meeting. Ukrinform reports.
the fact of financial needs during the war and for the post-war reconstruction of the country and, above all, to protect themselves. We have agreed to provide (Ukraine – ed.) An additional € 500 million from the European Peace Facility for arms supplies. We started with € 500 million and have now reached € 2 billion. This is just the tip of the iceberg, because so much is being done by member states themselves without asking for financial compensation. This is much more than these two billion, “Borrel said.
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He reminded that the mentioned Peace Fund is not part of of the EU budget, it is formed at the expense of contributions from member states and is intended to finance security operations of the European Union.
