Borrell calls not to worry about finances for military assistance to Ukraine
Head of the European Union diplomacy Josep Borrell assured that the EU has enough money to finance military aid to Ukraine.
“There is enough money. Don’t worry about money,” Borrel said, commenting on the issue of running out of funds to compensate for military supplies to Kiev.
Politico reported last week that the EU is unable to centrally cover all the costs of member states providing military aid to Ukraine. According to the publication, the member states are submitting too many requests for reimbursement, while the funds of the respective fund are limited. In particular, the publication reported that the shortfall in the full amount infuriated Poland, which is one of the largest donors of weapons to Ukraine. Warsaw blocked the decision for some time, but eventually agreed to cover 46% of the costs. EU foreign ministers will reportedly approve a sixth tranche of military aid to Kiev on Monday, amounting to 500 million euros, bringing the union’s total military aid to 3.1 billion euros. These funds are being allocated from the so-called European Peace Facility to partially compensate EU countries for the costs of military supplies already made to Ukraine.Protests in Brussels over high inflation, rising prices and energy crisis