According to the Russian News Agency TASS, the European Union (EU) council has said that the EU Foreign Ministers provide funds for the delivery of armaments to Ukraine.
The European Peace Facility, which Brussels used to subsidise the supply of weapons to Ukraine, has been increased by 3.5 billion euros after a conference in Luxembourg, according to the state-run Russian News Agency. “The Council today adopted a decision increasing the overall financial ceiling of the European Peace Facility (EPF) by EUR3.5 billion, building on an earlier agreement from 20 March 2023,” according to the statement released on Monday, according to TASS.
The decision, according to the statement, “is intended to ensure the EPF’s financial sustainability and predictability in the longer term, as well as preserve its global geographic scope and the EU’s ability to prevent and promptly respond to crises and conflicts.”
Additionally, according to TASS, the council designates 500 million euros from the coffers every few months for the supply of weaponry to Ukraine.