EU releases new US$7.1bil aid boost for Ukraine
EU chief Ursula von der Leyen announced the move ahead of talks on Monday between Ukraine and its allies on stepping up military support.
European Union announced on Monday a fresh aid package of €6.1 billion (US$7.1 billion) for Ukraine, aimed at bolstering its air defense and military capabilities. European Commission President Ursula von der Leyen unveiled the decision prior to upcoming discussions between Ukraine and its allies to intensify military assistance. The president emphasized the commitment during Ukraine's Independence Day, stating that the EU affirms its unwavering support.
In her statement on X, von der Leyen detailed the allocation of funds towards air and missile defense systems, including missiles, ammunition, and radars that Ukraine urgently requires. The EU Commission highlighted the increasing urgency, noting that 376 missile strikes were recorded in July alone, necessitating a strengthening of Ukraine's defenses.
The financial support forms part of a broader €90 billion loan, with €60 billion earmarked for military aid. So far, €16 billion has been allocated, and €8.5 billion has been delivered to Kyiv. Ukraine is in desperate need of additional missile interceptors, specifically Patriot air defense systems, to effectively counter Russian attacks on its cities.
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