EU to allocate extra EUR900 mln for Ukrainian armaments
The European Union will allocate an additional EUR 900 million for the purchase of armaments for Ukraine at the expense of unforeseen income from frozen Russian assets.
The corresponding announcement was made on Monday in Brussels within the Second Ukraine-EU Defence Industry Forum by Charles Fries, Deputy Secretary General of the EU External Action Service. "In the coming two weeks, we will also spend an additional 900 million euros to procure weapons and ammunition for Ukraine, all of this funded with the windfall profits from the frozen Russian assets," he said.
Fries recalled that just last Friday, EU High Representative Kaja Kalas announced that the EU would invest EUR 1 billion in Ukraine's defense industry. "Contracts were signed in Lviv last week, and money will now be invested in the cutting edge of Ukrainian defence industry, for example, the production of drones and missiles. With this, the EU has now provided a total of EUR 3.3 billion to support Ukraine and its defence industry," the representative of the EU's external diplomatic service detailed.
