The defensive loan is planned to be used for the purchase of anti -Aircraft missiles for middle and low -range air defense, artillery shells and other ammunition, infantry fighting vehicles.
Estonia plans to get a loan to supply defense costs. This was reported by ERR.
According to State Director of State Director of the Ministry of Finance, Yanno Lurmees, Estonia plans to take from € 2 billion to € 3.6 billion with the support of the European Commission.
“Estonia is interested in getting a loan. The Ministry of Defense has prepared and sent a preliminary application for a loan to the European Commission, but this whole process is in a relatively early stage,” he said.
It has been reported that the exact amount of loan has not been determined, as well as the deadline for its payment. The loan can take up to 45 years.
When it is received in the support of the European Commission, Estonia also expects to gain a more desirable interest rate and save every billion euros of about € 4 million a year.
As the head of the NATO and EU Department of the Ministry of Defense of Estonia Kalle Kirsss, the defense loan is planned to be used to buy anti-aircraft for middle and low air ranges, artillery shells and other ammunition, infantry battle vehicles, as well as to replenish the weapons of the Naval Naval forces Republic.
Remember that the Ministry of Defense of Estonia announced the arrival of the second batch of Caesar’s self -propelled artillery.
NATO countries approved costs of 5% of GDP defense
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Source: korrespondent
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.