EU Ambassadors Approved Additional 2 Billion Euros to European Peace Facility

, 8 March 2023, 16:36

EU ambassadors approved an additional 2 billion euros to the European Peace Fund, which is used to finance the military assistance of member states to Ukraine.

"Today, EU Ambassadors approved an additional €2 billion to the European Peace Facility. This decision sends a clear signal of the EU’s enduring commitment to military support for Ukraine and other partners," the Swedish presidency announced on Twitter.

As reported, the EU Council approved the seventh tranche of military assistance for Ukraine with funds from the European Peace Facility, as well as funds for the EU training mission for Ukrainian troops.

In early February 2023, the EU estimated the total military aid of the member states to Ukraine at 12 billion euros - both through the European Peace Fund bilaterally.

NATO Secretary General Jens Stoltenberg said on March 8 that the total cost of allies aid to Ukraine during the full-scale war is worth about 150 billion euros.

War with Russia