The EU launches another €20B special fund for Ukraine.

The EU is working on creating a special fund to help the Ukrainian army over the next four years, worth up to €20B, reported Politico. This proposal would not involve direct payments to the EU for arms. Brussels will help countries cover their costs of purchasing and donating items such as ammunition, missiles, and tanks.

The EU began using this approach immediately after the full-scale Russian invasion, but a new proposal from the EU diplomatic service will strengthen this strategy despite its obstacles. First, the price will be a serious liability for the EU, and secondly, before the Russian Federation’s aggression, the concept of the EU subsidizing the supply of weapons to a war zone was unthinkable. Still, the practice can now be in place for many years.

The European External Action Service has also developed a plan for several security commitments the EU can make to Ukraine in the coming years. All this complements the EU’s proposal to allocate €50B to Ukraine for recovery in 2024-2027.