EU Could Allocate At Least €10 Billion From Remaining SAFE Funds To Joint Projects With Ukraine
The European Union could allocate at least €10 billion from remaining funds under its SAFE defense financing program to new joint defense-industrial projects with Ukraine, European Commission spokesperson Thomas Regnier said on September 18, UATV English reports. According to Regnier, the amount currently available for the new initiative is estimated at a minimum of €10 billion. The final figure…
The European Union is considering allocating up to €10 billion from its remaining SAFE defense financing program to collaborate on defense-industrial projects with Ukraine, a European Commission spokesperson announced on September 18, according to UATV English. The exact amount will depend on completing outstanding loan agreements and Hungary's plan approval.
European Commission President Ursula von der Leyen revealed the EU's intention to launch a new joint defense projects program with Ukraine using the remaining SAFE funds. Ukraine is an active participant in the SAFE program, and its defense companies can benefit from the initiative. The collaboration aims to strengthen ties between Ukrainian and European defense industries, merging Ukraine's battlefield experience and technological know-how with the EU's manufacturing strengths.
This announcement follows the EU's additional €3.3 billion aid to Ukraine for defense purposes, including the acquisition of missiles and drones.
Written by urgent.news from UATV English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
