EU allocates another 5 billion euros to provide military assistance to Ukraine

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Brussels, March 18 (Reporter Fu Yiming) The European Council announced on the 18th that it will allocate another 5 billion euros to provide military assistance to Ukraine.

The Council of the European Union said in a press release on the same day that it decided to set up a special Ukraine aid fund within the framework of the existing European Peace Fund and allocate 5 billion euros to provide military assistance to Ukraine.

The communiqué said that the Ukraine Aid Fund will enable the EU to further meet the changing needs of the Ukraine armed forces by providing lethal and non-lethal military equipment and training; the fund complements military assistance provided to Ukraine by EU member states.

In March 2021, the Council of the European Union approved the establishment of the European Peace Fund, which aims to enhance the EU’s capabilities in the fields of conflict prevention, peace-building and strengthening international security. The fund is not included in the EU’s fiscal budget. After multiple additions, the fund’s total budget ceiling for the period from 2021 to 2027 currently exceeds 17 billion euros.

Data released by the European Union shows that since the Russia-Ukraine conflict escalated in February 2022, the European Union and its member states have provided or promised to provide more than 138 billion euros in various assistance to Ukraine, of which 28 billion euros are military assistance.