EU discusses spending 20 billion euros to help Ukraine
(VOVWORLD) - European Union foreign ministers on Thursday discussed their support for Ukraine, including a proposal to spend up to 20 billion euros (22.4 billion USD) on weapons, ammunition, and other military aid over four years.
 EU has supported various kinds of weapons and ammunition for Ukraine. (Photo: AFP/VNA) |
The proposal was made by EU foreign policy chief Josep Borrell to add 5 billion euros a year for Ukraine into an EU-run fund named the European Peace Facility (EPF).
The Peace Facility has already allocated more than 5 billion euros in support for Ukraine since the conflict began last February. The proposed extra funding would cover 2024 to 2027.
Ministers will return to the issue in more depth at a meeting in Spain at the end of August. Diplomats said they expect EU governments to consider the plan alongside a proposal from the European Commission to provide 50 billion euros in economic aid to Ukraine over the same four-year period.