Austria will support using Russian assets to assist Ukraine if a joint decision is reached. Austria’s new Finance Minister, Markus Marterbauer, backs the idea of utilizing the Russian Central Bank’s frozen assets to aid Ukraine. “If there is a joint decision, Austria will p... #EUdefense #MarkusMarterbauer #MilitaryAid #NATO #RussianAssetsConfiscation
Europe is considering creating another defense fund: Britain, Ukraine, and Norway would be eligible to join the initiative. EU finance ministers will discuss the creation of a joint intergovernmental defense fund on April 12, which would provide large-scale defense financing without increasing public debt levels, a growing... #DefenseIndustryEU #EUbudget #EUdefense #EuropeanDefenseFund #EuropeanDefenseMechanism
Finland and Spain are set to increase their defense spending, with Lithuania prepares to join the coalition of the willing in support of Ukraine. Finnish President Alexander Stubb announced that Finland will boost its defense spending to 3% of GDP by 2029 to prepare against potential Russian aggression. “This is part of Finland’s co... #AlexanderStubb #DefenseIndustryEU #DefenseSpending #EUdefense #KęstutisBudris #MargaritaRobles
EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B. According to Fitch Ratings, the EU is contemplating a significant increase in defense spending as the United States, which ensured Europe’s security post-World War II, has shown reluctance to continue... #DefenseBudgetNATO #DefenseIndustryEU #DefenseSpending #EUdefense #France #Germany #NATO
Southern European countries do not support the EC’s rearmament plan for Europe. Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. I... #DefenseIndustryEU #EUbudget #EUdefense #France #Italy #Spain #UrsulavonderLeyen
As Russia prepares to confront Europe, the Trump administration is considering relinquishing command of NATO military operations in Europe. Russia is boosting its defense investments and readying for conflict with Europe, said EC President Ursula von der Leyen. “And at a time when these threats are increasing, we see our long time p... #DefenseIndustryEU #EUdefense #MilitaryAid #NATO #UrsulavonderLeyen
The EC presents a White Paper for defense; Ukraine will receive two million rounds of ammunition per year. The European Commission and the EU High Representative have introduced the White Paper on European Defense – Readiness 2030. As part of the ReArm Europe plan, an ambitious defense package has al... #AmmunitionForUkraine #DefenseInvestments #EUdefense #KajaKallas #ReArmEurope #SAFE #UrsulavonderLeyen #WhitePaper
European defense giants urge the EC to promote the continent’s technological independence from the US. Around 100 European companies and lobby groups, including defense giants Airbus and Dassault, issued a joint letter calling on the European Commission to take measures to stimulate the development of ... #Airbus #Dassault #DefenseIndustryEU #DefenseInvestments #DefenseTechnology #EUdefense #EuropeanCommission
Europe has made progress on €40B in military aid for Ukraine. EU member states have made strides toward a new military aid package for Ukraine worth up to €40B, just days before a leaders’ summit later this week. Following a meeting of foreign ministers from the... #EUdefense #EUmilitaryAid #KajaKallas #SupportUkraine #WarinUkraine
The EC has prepared a defense strategy to rearm the bloc and bolster support for Ukraine. The EU intends to launch a large-scale initiative to develop its defense industry, aimed at deterring Russia and supporting Ukraine amid a reduction in the US military presence in Europe. A draft of t... #AndriusKubilius #DefenseIndustryEU #DefenseSpending #EUdefense #KajaKallas #WeaponsProduction
The EU has agreed to increase its defense budget: €800B will be allocated for European security and support for Ukraine. On March 6 in Brussels, European leaders committed to a significant boost in the bloc’s defense budget. EC President Ursula von der Leyen unveiled a plan to finance the defense sector with €800B... #DefenseIndustryEU #DefenseSpending #EUdefense #EUsummit #SupportUkraine #UrsulavonderLeyen #VictorOrban
ReArm Europe: Von der Leyen presents an €800B EU rearmament plan. The European Commission President announced: The first point of the plan is to expand the use of public defense funding at the national level. The EU will propose bypassing the EU’s Growth and S... #DefenseIndustryEU #DefenseInvestments #EUdefense #ReArmEurope #UrsulavonderLeyen
Europe may need to spend up to $350B if American aid to Ukraine is cut off. According to the International Institute for Strategic Studies (IISS), in the event of a total cancellation of American military assistance to Ukraine, European nations would have to allocate an addit... #DefenseIndustryEU #EUdefense #MilitaryAid #SupportUkraine #USmilitaryAid #WarEnding #WarinUkraine
Europe must invest approximately €250B into its defense annually in order to effectively counter future Russian aggression. Given its economic strength, the EU can allocate around €250B each year to defense. This expenditure, which represents 1.5% of the EU’s GDP, would enable Europe to mobilize around 300,000 soldie... #DefenseIndustryEU #DefenseInvestments #DefenseSpending #EUdefense #NATO #RussianAggression #WarinUkraine
Europe is exploring options to restore its military power in light of rising Russian rhetoric. According to the EU’s top diplomat, Kaja Kallas, discussions have intensified on how to boost defense spending, with joint financing increasingly becoming part of the conversation. The bloc may ... #DefenseIndustryEU #EUbudget #EUdefense #investments #KajaKallas
Second emergency meeting in Paris: France and Germany are ready to take responsibility for peace and security in Ukraine and Europe. After discussions in Paris on Monday, French President Emmanuel Macron held another urgent meeting focused on Ukraine on February 19. He spoke with several leaders from the EU, Canada, Iceland and Nor... #EmmanuelMacron #EUdefense #France #OlafScholz #SecurityGuaranteesForUkraine #SupportUkraine #WarinUkraine
Europe must overcome its geopolitical stupor and accelerate the development of its defense strategy, which will include investments in Ukraine. “I spoke about the need to wake Europe from its economic and geopolitical stupor… Recent events and a different perspective from the US now compel us not only to confront the truth, but al... #DefenseIndustryEU #DefenseIndustryUkraine #EUdefense #Geopolitics #KyriakosMitsotakis #RadosławSikorski
The EU is committed to playing a central role in peace talks and is prepared to provide security guarantees to Ukraine. European Parliament President Roberta Metsola noted that the international community must act as a united front on the issue of Ukrainian security guarantees, and Europe bears a special responsibility... #DefenseIndustryEU #EUdefense #PeaceTalks #RobertaMetsola #SecurityGuaranteesForUkraine #WarEnding
Greece calls on the EU to establish a €100B fund for its defense. Greek Prime Minister Kyriakos Mitsotakis, while preparing for a new EU defense strategy, has proposed creating a fund of at least €100B for the EU’s overall defense budget. Mitsotakis’ pro... #DefenseIndustryEU #DefenseSpending #EUdefense #Greece #KyriakosMitsotakis #WeaponsProduction
Europe is ready to increase defense spending. Most EU countries that are also NATO members are likely to agree to increase the defense spending target at the Alliance’s June summit, European Council President Antonio Costa said. An informal... #AntonioCosta #DefenseSpending #EUdefense #NATO #RussianAssetsConfiscation #RussianCentralBank #WarinUkraine
Scholz and Rutte advise NATO and the EU to arm themselves. German Chancellor Olaf Scholz, commenting on a new underwater cable damage incident in the Baltic Sea, remarked on the danger posed by the Russian shadow fleet and stressed the need to increase defens... #DefenseSpending #DonaldTrump #EUdefense #MarkRutte #NATO #OlafScholz #WarinUkraine
Zelenskyy calls on the EU to increase weapons production – both for Ukraine and for its own defense. President Zelenskyy, at the Davos economic forum, called on the EU to increase weapons production, as it is important for both Ukraine and Europe. He said that at the beginning of the full-scale war, ... #Davos #DefenseIndustryUkraine #EUdefense #WeaponsProduction #WEF #worldeconomicforum #Zelenskyy
EU countries plan to increase defense spending; Germany is confident that US aid to Ukraine will not decrease. German Defense Minister Boris Pistorius has called for an increase in defense spending by at least €30B. “After the special fund is exhausted, we will need at least €85B from 2028,” he sai... #BorisPistorius #DefenseSpending #EUdefense #Germany #Lithuania #MilitaryAidforUkraine #Poland #WarinUkraine
Rutte: EU countries should increase their defense spending or learn the Russian language. NATO Secretary General Mark Rutte called on European Alliance countries to increase their defense budgets. Otherwise, he noted, Europeans will have to “finish Russian language courses or go to N... #DefenseSpending #EUdefense #MarkRutte #RussianAggression #WarinUkraine
The EU defense commissioner wants to increase EU defense spending by 900%. EU defense and space commissioner Andrius Kubilius wants the next seven-year EU budget to include around €100B for defense needs. The current seven-year EU budget, which exceeds €1T, only includes €10... #AndriusKubilius #DefenseSpending #EUbudget #EUdefense #UrsulavonderLeyen
Europe rushes to create a €500B defense fund as Trump nears his return to the White House. EU countries are discussing a €500B joint fund for defense projects and arms purchases. US President-Elect Trump’s threat to scrap security guarantees for NATO allies that underspend on defense and su... #DefenseIndustryEU #DefenseInvestments #DonaldTrump #EUdefense #NATO
Ukraine and 12 European countries unite in a new defense cooperation format. Defense Minister Rustem Umerov announced the beginning of a collaboration with 12 countries within the Nordic Group-Ukraine framework, which will strengthen Ukraine’s security and provide suppor... #DefenseIndustryUkraine #EUdefense #Norway #RustemUmerov #SupportUkraine #WeaponsProduction
Europe must double its defense spending after Trump’s inauguration; Poland will produce explosives and ammunition. Europe will probably have to double its defense spending to address the challenge of Russia’s aggression against Ukraine, as well as a possible reduction in American support with Donald Trump... #DefenseIndustryEU #EUdefense #NATO #Poland #WarinUkraine #WeaponsProduction
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
The war in Ukraine and the Trump presidency forces Brussels to funnel billions of euros to defense. Brussels is changing its spending policy to redirect tens of billions of euros to defense and security in response to Russia’s war in Ukraine and Donald Trump’s return to the White House. ... #CohesionFunds #DefenseIndustryEU #DefenseSpending #EUdefense #Germany
After Trump’s victory, Europe is preparing to ensure its security independently and will work with Washington to maintain support for Ukraine. The EU must be united and closely coordinate its actions with Donald Trump’s imminent return to the White House, French President Emmanuel Macron and German Chancellor Olaf Scholz said. They con... #DonaldTrump #EmmanuelMacron #EUdefense #G7 #OlafScholz #VictorOrban
The US increases its share of European defense startup venture capital by 200%, but Poland takes the lead in European security. Against the backdrop of surging global conflict, US investors provided more than 65% of venture capital investment in European defense technology in 2024, compared to 18% last year. According to Dealr... #DefenseInvestments #DefenseTechnology #EdwardLucas #EUdefense #NATO #Poland
Germany proposed the creation of a contact group for European post-war order after the Russian war in Ukraine ends. As reported by DW, Friedrich Merz, the candidate for German chancellor from the opposition bloc, suggested that Germany, Poland, France, and the UK form a contact group to establish Europe’s pos... #EUdefense #FriedrichMerz #Germany #RussianAggression #WarinUkraine
The EU is spending insufficiently on its defense as a whole, but Poland will allocate a record amount to this sector next year. The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the ch... #DefenseSpending #EUdefense #NATO #Poland #WarinUkraine
Europe will increase its defense investment sharply in 2024 in response to Russian aggression. European venture capitalists plan to invest $1B in defense technology by the end of 2024, which is 400% more than in 2018, as a result of Russian aggression in Ukraine. According to Dealroom, venture ... #DefenseIndustry #DefenseInvestments #DefenseTechnology #EUdefense #NATO
The new composition of the European Commission demonstrates its firm support of Ukraine. The position of Defense Commissioner has been created in the EU and former Prime Minister of Lithuania Andrius Kubilius, an ardent supporter of Ukraine, is the first to hold it. “For those who c... #AndriusKubilius #EUdefense #EuropeanCommission #EuropeanParliament #SupportUkraine
Europe is strengthening its defense: Latvia will build a €12M ammunition factory, and Italy will buy hundreds of tanks and IFV for €20B. By 2026, Latvia plans to build a factory to produce modular powder charges for artillery ammunition with a capacity of 50,000 charges per year. Construction and equipment purchase costs will amount to... #DefenseIndustryEU #EUdefense #Italy #Latvia #Leonardo #LYNX #Rheinmetall #WeaponsProduction
The head of the EC admits that Putin wants to dominate the European continent, and the Russian war against Ukraine is also a war with the EU. The President of the European Commission, Ursula von der Leyen, said that Europe understands the threat from Russia, which is trying to establish its control over the European continent by any means. ... #DefenseIndustryEU #EUdefense #Putin #RussianAggression #UrsulavonderLeyen #WarinUkraine
Poland proposes to spend €422B from the EU’s Covid fund for defense. Polish Defense Minister Władysław Kosiniak-Kamysz said at the Defence24 Days conference, “You can’t get used to war.” He believes the arms industry should become the foundation of the EU’s efforts ove... #DefenseIndustryEU #DonaldTusk #EUdefense #RussianAggression #WarinUkraine #WładysławKosiniakKamysz
Western countries must spend $10T on defense to effectively deter dictatorial regimes. In 2024, defense spending by European NATO members will reach 2% of GDP ($470B) for the first time. However, to ensure effective defense and maintain its deterrence policy, NATO countries must increas... #DefenseBudgetNATO #EUdefense #G7 #MilitarySpending #NATO
What will the EU’s new defense and industrial strategy give Ukraine? Integration and support of the Ukrainian defense industry have become one of the goals of the European Defense Industrial Strategy (EDIS). As reported by the Ministry of Strategic Industries, the stra... #DefenseIndustryUkraine #DefenseTechnology #EDIP #EUdefense
The EU is preparing to transfer its economy to military rails. The EC will propose ways to intensify the work of the European defense industry to respond more effectively to Ukraine’s war needs and future security challenges. This refers to proposals that EU coun... #DefenseIndustryEU #EDIP #EUdefense #EUEconomy #EUUkraine
The EU’s new defense industry strategy envisages using Russian assets to finance Ukraine’s defense industry. The EC has presented a legislative proposal regarding the European Defense Industry Program (EDIP), which would allow for future financing of support for Ukraine’s defense-industrial complex at ... #DefenseIndustryEU #EDIP #EUdefense #Euroclear #RussianAssets
The EU plans to include Ukraine in the bloc’s defense industry support scheme with a separate budget of €1.5B. The EC plans to propose Ukraine’s membership in the EU defense industry support scheme. This will both incorporate Kyiv’s experience and bring Ukraine closer to EU membership. It is noted ... #DefenseIndustryUkraine #EDIP #EUdefense #EuropeanIntegration #WeaponsProduction
The EU presents a new defense strategy project: A plan to carry out up to 50% of defense purchases within the bloc. The EU plans to minimize purchases of military goods from outside the EU by 2035 to ensure that 30% to 50% of the EU defense market’s trade is conducted within the Union. Mechanisms will also be devel... #DefenseProjects #DefenseTechnology #EUdefense #WeaponsProduction
Money, defense office and framework conditions: What Ukraine and the European Commission agreed on in Kyiv. Prime Minister of Ukraine Denys Shmyhal and President of the European Commission Ursula von der Leyen met in Kyiv. They discussed issues of financing, Ukrainian exports, and cooperation in the defense... #DenysShmyhal #EUdefense #EuropeanIntegration #UrsulavonderLeyen
The EU proposes issuing €100B worth of Eurobonds to stimulate its defense industry. The EU should work on a plan to issue €100B worth of Eurobonds to promote the continent’s defense industry while doing more to provide arms to Ukraine, said Estonian Prime Minister Kaja Kallas. ... #EUdefense #Eurobond #KajaKallas #SupportUkraine
Ukraine will help the EU develop a strategy for the European defense-industrial complex. The President of the European Commission, Ursula von der Leyen, reminded listeners that the EU countries have collectively transferred over €28B in military aid to Ukraine and helped train more than 4... #DefenseIndustryUkraine #DefenseProjects #EUdefense #UrsulavonderLeyen #WeaponsProduction
Here are the new details of the €20B EU military aid fund for Ukraine. This week, EU diplomats will begin consideration of a new plan to hasten the supply of military aid to Ukraine. The plan envisages the creation of a dedicated fund, to which €6.5B will be directed fro... #EUdefense #EuropeanPeaceFund #MilitaryAidforUkraine #SupportUkraine #WarinUkraine
The EU plans to control all arms supplies to Ukraine while simultaneously working to increase military aid. The European Union intends to strengthen control over the supply of weapons to Ukraine by creating a pan-European defense market. In particular, the European Commission is developing the European Defe... #EUdefense #EuropeanDefenseFund #MilitaryAidAudit #MilitaryAidforUkraine
