The EU is proposing a voluntary fund of €20-40B for military assistance to Ukraine be established to circumvent Hungary’s veto. The document outlining this proposal indicates that member states “are encouraged to provide military support to Ukraine in 2025 totaling at least €20B and potentially increasing to €40B based o... #AirDefenseSystems #ArtilleryShells #EuropeanUnion #Hungary #MilitaryAid
Analysts compared EU countries’ spending on Russian energy and their support for Ukraine. Experts examined EU countries’ total expenditures on Russian oil and gas imports, alongside the military, financial, and humanitarian aid provided to Ukraine from 2022 to 2024. Italy (€23.55B), ... #EuropeanUnion #Finland #Germany #MilitaryAid #RussianEnergyResources #SupportUkraine #WarinUkraine
The EU launches a €1.6B call for proposals to support small businesses in Ukraine. The EU has initiated a new call for proposals aimed at assisting small businesses in war-affected communities and attracting investment for Ukraine’s reconstruction. An initiative through the Uk... #EuropeanUnion #SmallBusinessUkraine #SupportBusiness #UkraineFund #UkraineReconstruction #ukrainianbusiness
The US and the EU cannot agree on the details to provide $50B to Ukraine; the plan’s success is logistically and politically unlikely. The NYT notes that officials from the US and the EU are trying to secure a $50B loan for Ukraine by the end of the year. A decision should be reached before the presidential elections in the US, which... #EuropeanUnion #G7 #HungaryVeto #LoanForUkraine #Sanctions #USelections #WhiteHouse
