Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldThe EU wants to...
October 6, 2024

The EU wants to change its aid funding model.

By David
Facebook
Twitter
Pinterest
WhatsApp


    The European Union intends to change the model of financing military assistance to Ukraine.

    .

    Brussels may move away from using the European Peace Fund as the main instrument for financing military support for Ukraine, in particular due to constant vetoes from the Hungarian government. This was reported by RMF24.

    It is noted that this coming Wednesday, EU ambassadors are supposed to reach political agreement on the terms of providing assistance to Ukraine worth 50 billion euros using proceeds from frozen Russian assets. We are talking about a loan from the G7, within which the EU plans to allocate up to 35 billion euros.

    It is expected that part of this money will go to programs financed from the EU budget. However, only 5% is provided for the European Peace Fund, which compensates allies for the cost of military aid transferred to Ukraine. A majority will be enough for a decision, so Hungary will not be able to veto it.

    It is reported that before this, about 90% of the proceeds from the frozen assets of the Central Bank of the Russian Federation were directed to support Ukraine through the Peace Fund. The EU agreed to such a decision in June, overcoming Hungarian opposition.

    Let us recall that in September Bloomberg reported that arms supplies to Ukraine in 2025 may be under threat. Since Russia’s economy is at war, but Ukraine’s allies are not, some partner countries are having difficulty obtaining funding, while others are refusing to increase funding to help the Ukrainian Armed Forces.

    Source: RMF24

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Seoul noted the DPRK’s economic growth because of cooperation with Russia

    Volvo XC70 is represented in China

    Poland suspended almost all F-16 flights resistant

    Russian Orthodox Church builds the existence of Africa to enhance Kremlin’s influence – CPD

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    Russian troops attacked a volunteer vehicle in the Donetsk region: there were casualties
    Next article
    Fico accused the West of perpetuating the Russian-Ukrainian war

    More from Author

    World

    Seoul noted the DPRK’s economic growth because of cooperation with Russia

    David -
    Lifestyle

    Volvo XC70 is represented in China

    Jack -
    World

    Poland suspended almost all F-16 flights resistant

    David -
    World

    Russian Orthodox Church builds the existence of Africa to enhance Kremlin’s influence – CPD

    David -

    - A word from our sponsors -

    Read Now

    Seoul noted the DPRK’s economic growth because of cooperation with Russia

    Volvo XC70 is represented in China

    Poland suspended almost all F-16 flights resistant

    Russian Orthodox Church builds the existence of Africa to enhance Kremlin’s influence – CPD

    A new group of children restored from the conquered Kherson region

    In Kyiv, on the alla of the Holy Acrancenech, open a Memorial Memorial brief

    In Kyiv today, August 29. On the day of the memories of the defenders of Ukraine, a second memorial monument was opened at the lane of honorary burials in the cemetery of the city of Berkivtsi. The first was installed a year ago. .in_text_content_22...

    The United States canceled the benefit of importing parcels, which operates nearly 90 years

    Skolko Medishkhikov and some cultures of cultures were killed for war, disagree in Binkalture

    During a complete invasion of Russia in Ukraine - from February 24, 2022 - the war earned the life of 221 artists and 108 Ukrainian and foreign intermediaries. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

    The media named the repair time at the UST-Luga terminal in the Russian Federation after the drone attack

    Loss of 26 million: Naftogaz Shcherbenka’s ex-offici

    One of the important objects, the wrap of the Russian army using oil industry – the General Staff (video) is subject to another.

    The defense forces of Ukraine on the night of August 29, caused a difficult damage to the fire to the line-production station in the area of ​​the settlement of the Brainski of the Russian Federation. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px)...

    The Russian Federation does not want the Donetsk region? Moscow’s new conditions

    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times