EU commits additional 5 billion euros to support Ukraine's military
The European Union has committed to increasing its support for the Ukrainian armed forces by an additional 5 billion euros, as decided by the foreign affairs heads of its member states. This financial boost will be delivered to Ukraine through a special assistance fund.
5:15 PM EDT, March 19, 2024
Diplomats from across the EU, including Poland's Foreign Minister Radosław Sikorski, convened in Brussels on Monday. During this gathering, they agreed to provide additional financial support to Ukraine.
EU boosts support for Ukraine
This new pledge was announced on the X service by the EU's top diplomat.
"The Foreign Affairs Council (FAC) has approved my suggestion for an extra 5 billion euros for the newly established Instrument for Supporting Ukraine. This fund is designed to help Ukraine purchase the military equipment necessary to defend its sovereignty and continue its fight against Russian aggression. We are putting our promises into action," stated Josep Borrell.
As per an EU announcement, these funds are aimed at financing both lethal and non-lethal military equipment and the training of Ukrainian forces. With this latest decision, the total financial support allocated from 2021 to 2027 will now surpass 17 billion euros.
Aiding Ukraine's Defense Capabilities
On February 1, the European Council reaffirmed its steadfast commitment to support Ukraine for as long as needed. It also confirmed a substantial support package of 50 billion euros for the beleaguered nation up through 2027.
