Armament billions EU Commission Strengthens Ukraine and Defence with Billions

Source: dpa | Translated by AI 1 min Reading Time

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As has now become known, the EU Commission plans to make around 1.5 billion euros available, among other things, for strengthening the European defence industry ...

A new decision by the EU Commission will also please the soldiers in Ukraine. A large sum is now being allocated to further support Ukraine with armaments while also upgrading the EU itself in terms of defence technology ...(Image: D. Boschkowitsch)
A new decision by the EU Commission will also please the soldiers in Ukraine. A large sum is now being allocated to further support Ukraine with armaments while also upgrading the EU itself in terms of defence technology ...
(Image: D. Boschkowitsch)

The 1.5 billion euros (approx. 1.7 billion USD) now triggered by the European Commission is intended to benefit, in particular, Ukraine's defensive struggle against Russia as well as armament within the EU itself. The grants for 2026 and 2027 will be publicly tendered shortly. Around 700 million euros alone are to flow into the production of important military components (such as drone defence systems, missiles, and ammunition). Of this, 260 million euros (approx. 800 million USD) are earmarked for arms projects that are intended to simultaneously strengthen production capacities in Europe and Ukraine. According to the announcement, additional funds are planned for the joint procurement of defence goods by several EU states and defence projects of common interest.

Ensure the rule that only the right ones benefit from the money

This includes, for example, air and missile defence systems, which will benefit a broader part of the EU and will also be open to Norway and Ukraine. Smaller defence startups are to be supported with 100 million euros (approx. 115 million USD) through the program agreed upon at the end of last year. To ensure that primarily companies from EU states benefit from this substantial funding, the Commission's rules stipulate that components for subsidised defence industry projects may only be sourced from partner states, such as the USA, to a very limited extent.

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