The EU wants to provide another 500 million euros for the supply of weapons and equipment to the Ukrainian armed forces. This was announced by EU foreign policy chief Josep Borrell on Friday on the sidelines of the G7 foreign ministers’ meeting near Weißenhäuser Strand on the Baltic Sea.
This would increase the EU funds available for military aid to Ukraine to two billion euros. A first package of 500 million euros had already been approved at the end of February, and two more followed in the next few months.
At the meeting, Borrell also urged member states to quickly decide on an oil embargo against Russia. “I am sure we will get an agreement and we need this agreement,” he said in Weißenhaus.
Should the ambassadors of the EU states not be able to reach an agreement, the foreign ministers would have to achieve a breakthrough at their meeting next Monday. Hungary in particular continues to reject an embargo on Russian oil.
According to EU information, the money will be used to finance personal protective equipment, fuel, but also weapons for defense. With the additional 500 million euros, a new impetus should now be given, said Borrell on Friday. The money should be spent on heavy weapons.
The funds for the military aid come from the so-called European Peace Facility. It is a new EU financing instrument that can also be used to strengthen the capabilities of armed forces in partner countries.
For the period from 2021 to 2027, the peace facility is endowed with around five billion euros. According to Defense Minister Christine Lambrecht (SPD), Germany finances around a quarter of the EU support.
Russia accuses the West of exacerbating the conflict by supplying arms to Ukraine. “We see how dangerous our Western colleagues, including the European Union, are now acting,” said Foreign Minister Sergey Lavrov recently.