Thursday, July 14, 2022

EU Increasing Its Military Aid To Ukraine As Concerns Grow That Domestic Stockpiles Are Rapidly Becoming Depleted

Bloomberg: EU Set to Boost Ukraine Weapons Financing to 2.5 Billion Euros 

(Bloomberg) -- European Union member states are set to agree on 500 million euros ($500 million) more in military aid to Ukraine when the bloc’s foreign ministers meet Monday, according to people familiar with the matter. 

That would bring the total arms financing to 2.5 billion euros. The bloc in recent months has agreed to several rounds of arms financing for Ukraine under the so-called European Peace Facility, which reimburses governments for military deliveries to Ukraine.  

Read more ....  

Update: EU To Boost Ukraine Arms Financing To €2.5BN As Concerns Grow Over Domestic Stockpiles (Zero Hedge)  

WNU Editor: The EU's demand for military supplies is increasing .... European demand for weapons grows as Russia fallout deepens (Defense News).

No comments: