A billion for the Ukrainian defence industry: EU to allocate €1.9 billion for military support to Ukraine
The European Union has announced a decision to allocate almost €1.9 billion in military support for Ukraine. This was announced by the Prime Minister of Ukraine Denys Shmyhal.
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This decision was historic, as the funding will come from the proceeds of frozen Russian assets through the European Peace Fund.
According to Shmyhal, €1 billion of this amount will be used to purchase weapons under the so-called "Danish model" - directly from Ukrainian manufacturers. He noted that this will not only strengthen Ukraine's defence capabilities, but will also stimulate the economy and innovation in the domestic defence industry.
More than €600 million is planned to be spent on artillery and ammunition, and another €200 million will be spent on strengthening Ukraine's air defence.
Shmyhal expressed gratitude to the European Union for its support and leadership in this decision, and specifically mentioned Denmark, France, the Netherlands and Italy, which will implement the €1 billion in purchases of Ukrainian weapons.
Source: Telegram
