EU plans to create fund to support Ukrainian army - Politico

EU plans to create fund to support Ukrainian army - Politico

The EU will propose a dedicated fund to keep Ukraine's military stocked for the next four years at a cost of up to EUR 20 billion.

That's according to Politico, which cites five diplomats familiar with the plan, Ukrinform reports.

The proposal would not involve the EU directly paying for Ukraine's weapons.

Instead, Brussels would help countries cover their own costs of purchasing and donating items such as ammunition, missiles and tanks. It also would help pay to train Ukrainian soldiers.

The dedicated military fund proposal is part of the EU’s broader efforts to show its long-term commitment to Ukraine.

Read also: European Commission president proposes facility of up to EUR 50B for Ukraine

The EU's diplomatic wing, the European External Action Service, has also drafted a plan — first reported by Politico — that suggests a series of security commitments the EU can make to Ukraine in the coming years.

According to diplomats, the creation of the fund is to be approved by the fall.

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