According to the head of European diplomacy, Josep Borrell, the amount will be divided into two parts – the first will go to provide weapons from the remaining stocks, and the second – to new defense orders. Negotiations on production are being conducted with 15 European firms.
The ambassadors of the countries of the European Union on March 8 approved the allocation of 2 billion euros to the European Peace Fund. About it reported on Twitter the Swedish representation in the European Council.
The decision sends a clear signal of the EU’s continued commitment to military support for Ukraine and other partners, the statement said.
The allocated money will be spent on increasing the production and supply of ammunition to the Armed Forces of Ukraine
[+–]
Head of the Office of the President of Ukraine Andriy Yermak recalled that the money was allocated for a fund that finances the supply of weapons for the Ukrainian army.
On March 8, the head of European diplomacy, Josep Borrell, at an informal summit of EU defense ministers in Stockholm, said he was ready to allocate 2 billion euros to increase the production and supply of ammunition to Ukraine.
“We need to deliver more and faster,” he added.
The pre-agreed 2 billion euros will enable member states to provide 1 billion of the remaining stocks of ammunition and place orders for 1 billion euros, Borrell continued.
“As soon as we determine the total amount, it will be negotiations between 15 European firms that can produce weapons. I hope that by the end of March we will agree,” the European diplomat concluded.
Recall that on March 8, the White House announced the need to continue supporting Ukraine in the war against the Russian aggressor, otherwise American blood might be shed. According to John Kirby, the National Security Council’s coordinator for strategic communications at the White House, the big war affected US citizens by increasing the price of gasoline.
Poland previously agreed to launch a service center for the repair and maintenance of tanks sent to Ukraine, including Leopard.
According to Sky News, Tehran has secretly supplied Moscow with millions of rounds of ammunition and hundreds of thousands of shells since January 2023, transporting 200 containers of weapons across the Caspian Sea.
