Shmyhal on EU's intention to allocate almost EUR1.9 bln for military support for Ukraine: This is historic decision
The European Union has officially announced its intention to allocate almost EUR1.9 billion for military support for Ukraine, Prime Minister Denys Shmyhal said.
"This is a historic decision, because weapons for Ukraine will be purchased at the expense of profits from frozen Russian assets through the European Peace Facility," Shmyhal wrote on Telegram.
According to him, EUR1 billion of this amount will be directed to the purchase of weapons according to the so-called Danish model - directly from Ukrainian manufacturers.
"Thus, we are not just strengthening our defense capability, but also stimulating the economy and innovation in our defense-industrial complex," the prime minister stated.
He also said that more than EUR600 million will be spent on artillery and ammunition and more than EUR200 million on strengthening Ukrainian air defense.
"We sincerely thank the European Union for this far-sighted decision, leadership and support. Special gratitude to Denmark, France, the Netherlands and Italy, which will implement the purchase of Ukrainian weapons worth EUR1 billion," Shmyhal wrote.