The EU will make its first contribution to a dedicated defense fund and help to develop the defense industry together with Ukraine. The EU will invest the first €40M into a dedicated European defense fund, seeking to strengthen its military capabilities. The European Investment Fund (EIF), which provides financing to small and med... #DefenseIndustryUkraine #DefenseInvestments #DefensePurchases #EIF #EuropeanDefenseFund #SAFE
The EU has approved a €150B rearmament fund aimed at enhancing support for Ukraine. As reported by Reuters, the EU nations have come to a preliminary agreement on establishing a new credit mechanism for rearmament purposes entitled the Security Action For Europe (SAFE), which is valu... #DefensePurchases #EUdefense #MilitarySpending #SAFE
The European Commission has approved €300M in financing for five defense projects. The European Commission approved funding for five defense projects, each of which will receive €60M. Most of the projects also include purchasing defense products for Ukraine, particularly air defense... #AirDefenseSystems #DefensePurchases #EDIRPA #EUdefense #EuropeanCommission
