The EU Council approved an increase in 150 billion euros of joint procurement in the field of security and defense
We are talking about creating a security tool for Europe (SAFE) – a new financial tool of the EU, which will support those states of member that they want to invest in the production of the defense industry through joint purchases.
Safe mechanism is approved by a wide consensus. There was no vote against one state abstained, ”said the representative of the Polish presidency.
He refused to name a state that did not support the initiative.
The EU will be able to release member countries and Ukraine to strengthen protection by 150 billion euros.
In addition, SAFE will allow the EU to ensure further support to Ukraine, from the very beginning attracting its defense industry to the tool. The initiative was proposed by the European Commission in March 2025.
According to the decision, SAFE will finance urgent and large investments in the European defense technological and industrial base (EdTIB) to increase production capacities, provide equipment as necessary and eliminate gaps in the capabilities that usually enhance the EU protection.
SAFE will also allow the EU to ensure additional support to Ukraine, from the very beginning attracting its defense industry to this tool.
According to the Polish Minister of the Polish Field in the European Union Adam Sklak, we are talking about an investment program of 150 billion euros, which should strengthen the defense capabilities and support the defense industry of the European Union. Payments will be made in the form of long-term loans at competitive prices that should be repaid member states.
Source: Racurs
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