On June 26, the Foreign Affairs Council of the European Union approved an additional €3.5 billion in military assistance to Ukraine. The funds will be allocated to the European Peace Fund. The press service of the EU Delegation to Ukraine reported this.
“It is more important than ever to continue supporting Ukraine because what has happened this weekend shows that the war against Ukraine is cracking Russian power and affecting its political system. We are certainly following closely what is happening, but now is the moment to continue supporting Ukraine more than ever, and that is what we will do”.Josep Borrell, chief European diplomat
High Representative of the European Union for Foreign Affairs and Security Policy added that now is the time to support Ukraine more than ever. And this is precisely what the EU will continue to do, he said.
Borrell also criticised those who advocate peace talks and an end to military support for Ukraine. The top EU diplomat recalled that all the leaders who met with Russian President Putin came back with the same answer: “He has military goals to fulfil, and until he fulfils them, he is not going to stop the war.”
On March 23 2021, the European Union established the European Peace Facility, a €5 billion extra-budgetary fund for 2021-2027, which contributions from the Union’s members will finance.
On March 21 2023, the defence ministers of the EU member states proposed to increase the European Peace Fund, which is used to compensate for military equipment and ammunition transferred to Ukraine, by €3.5 billion.
On June 23, it became known that the European Union would provide funds without the need for repayment for the development of Ukraine’s railway infrastructure for the first time.