https://sputnikglobe.com/20230314/eu-to-raise-financial-ceiling-of-european-peace-facility-fund-to-8bln-euros-1108387299.html
EU to Raise Financial Ceiling of European Peace Facility Fund to 8Bln Euros
EU to Raise Financial Ceiling of European Peace Facility Fund to 8Bln Euros
Sputnik International
The European Union will increase the total volume of the European Peace Facility (EPF), which is used to finance military supplies to Ukraine, by 2 billion euros ($2.25 billion) to almost 8 billion euros by 2027, the Council of the European Union said on Tuesday.
2023-03-14T14:58+0000
2023-03-14T14:58+0000
2023-06-19T12:48+0000
economy
european union (eu)
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Last week, the Swedish Presidency of the Council of the EU said that the bloc agreed to allocate an additional 2 billion euros to the EPF. The EPF was established in March 2021 under the Common Foreign and Security Policy in order to strengthen the EU's role as a global security provider. The declared goals of the EPF include the maintenance of peace and the prevention of conflicts. The EPF's preliminary budget for the period 2021-2027 amounted to 5.69 billion euros. Last year, the EU states agreed to use the EPF to fund part of military supplies to Ukraine. In addition to providing assistance to Kiev regime, the EPF supports such countries as Mozambique, Georgia, Moldova, Mali, Somalia, Niger, Jordan, Bosnia and Herzegovina, Lebanon and Mauritania.
https://sputnikglobe.com/20230202/council-of-eu-adopts-new-military-aid-package-for-ukraine-worth-almost-600mln-1106926915.html
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european peace facility, ukrainian crisis, european union, west pumps ukraine with money
european peace facility, ukrainian crisis, european union, west pumps ukraine with money
EU to Raise Financial Ceiling of European Peace Facility Fund to 8Bln Euros
14:58 GMT 14.03.2023 (Updated: 12:48 GMT 19.06.2023) MOSCOW (Sputnik) - The European Union will increase the total volume of the European Peace Facility (EPF), which is used to finance military supplies to Ukraine, by 2 billion euros ($2.25 billion) to almost 8 billion euros by 2027, the Council of the European Union said on Tuesday.
Last week, the Swedish Presidency of the Council of the EU said that the bloc agreed to allocate an additional 2 billion euros to the EPF.
"The Council adopted a decision increasing the financial ceiling of the European Peace Facility (EPF) to 7.979 billion euros (in current prices) until 2027, ensuring that additional financial needs can be covered," the Council said.
2 February 2023, 15:10 GMT
The EPF was established in March 2021 under the Common Foreign and Security Policy in order to strengthen the EU's role as a global security provider. The declared goals of the EPF include the
maintenance of peace and the prevention of conflicts. The EPF's preliminary budget for the period 2021-2027 amounted to 5.69 billion euros.
Last year, the EU states agreed to use the EPF to fund part of military supplies to Ukraine. In addition to providing assistance to Kiev regime, the EPF supports such countries as Mozambique, Georgia, Moldova, Mali, Somalia, Niger, Jordan, Bosnia and Herzegovina, Lebanon and Mauritania.
