EU Agrees to Release €6.6 Billion in Military Aid for Ukraine from European Peace Facility
On Friday, Kaja Kallas, the EU's foreign policy chief, announced that member nations have consented to release €6.6 billion (US$7.5 billion) in EU military aid funds for Ukraine. This money had been held up for months due to a blockade by Hungary's former government under Viktor Orban. The funds are sourced from the European Peace Facility, which finances military assistance to non-EU countries and reimburses EU nations for their contributions. Of the total, €900 million will support the EU's military mission in Ukraine, while €1 billion will be allocated for joint equipment procurement. The remaining €4.7 billion will reimburse member states, many of which plan to direct their shares to Ukraine. This agreement represents a crucial advancement in EU backing for Ukraine amid ongoing conflict. Last month, rescuers worked at a shopping center in Kryvyi Rih that was destroyed by a Russian drone strike.
Key facts
- EU member countries agreed to release €6.6 billion (US$7.5 billion) in funds linked to military aid for Ukraine.
- EU foreign policy chief Kaja Kallas announced the deal on Friday.
- The money had been blocked for months by the previous Hungarian government under Viktor Orban.
- The funds come from the European Peace Facility, which finances military aid to non-EU countries and refunds EU governments.
- €900 million will go to the EU’s military assistance mission for Ukraine.
- €1 billion will fund new joint procurement of equipment.
- The remaining €4.7 billion will reimburse member states, some of which will channel their share to Ukraine.
- A shopping centre in Kryvyi Rih, Ukraine, was destroyed by a Russian drone attack last month.
Entities
Institutions
- European Union
- European Peace Facility
Locations
- Ukraine
- Hungary
- Kryvyi Rih