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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EU Approves €1.4 Bln in Military Aid for Ukraine


Mon 24 Jun 2024 | 10:01 PM
Israa Farhan

The European Union has agreed to provide Ukraine with an additional €1.4 billion in military aid.

This funding will come from the frozen Russian assets held by EU member states. The decision was confirmed by EU diplomats to the German Press Agency (DPA) on Monday.

Josep Borrell, the EU's High Representative for Foreign Affairs and Security Policy, emphasized the urgency of disbursing the funds to Ukraine without delay, stating the importance of avoiding any bureaucratic obstacles ahead of the official approval by EU foreign ministers in Luxembourg.

This new aid package is seen as a crucial boost for Ukraine, especially in light of Hungary's current opposition to other financial packages from the European Peace Facility, which total over €6 billion.

Hungary has been blocking certain payments related to Ukraine for nearly a year, exercising its veto power over the EU's off-budget facility. This has also resulted in the blocking of a €5 billion support fund.

The newly approved funds are expected to strengthen Ukraine's defense capabilities significantly amid the ongoing conflict.

The swift implementation of this aid highlights the EU's continued support for Ukraine in its struggle against Russian aggression.