
Funds from the European Peace Facility will support military assistance, joint procurement, and member state reimbursements.
AI-generated summary
The European Peace Facility is an off-budget instrument used by the EU to enhance its ability to prevent conflicts and build peace.
European Union member countries have agreed a deal to release €6.6 billion (US$7.5 billion) in EU funds linked to military aid for Ukraine, EU foreign policy chief Kaja Kallas said on Friday.
The money will come from the European Peace Facility, a fund used by EU members to finance military aid to countries outside the bloc. It also refunds EU governments for military aid they have provided.
Of the released funds, €900 million will go to the EU’s military assistance mission for Ukraine and €1 billion will fund new joint procurement of equipment, Kallas said in a post on social media.
She added the remaining €4.7 billion will go to reimburse member states, some of whom have already said they would channel their share to Ukraine.

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