The European Union could soon top up the fund used for purchasing weapons for Ukraine by 3.5 billion euros ($3.7 billion), a senior EU official said on Friday.
Under a plan drawn up by foreign policy chief Josep Borrell, EU states would get financial incentives worth 1 billion euros ($1.06 billion) to send more of their artillery rounds to Kyiv while another 1 billion euros would fund joint procurement of new shells.
“If there is a deal on this 2-billion-euro package, resources under the EPF will be exhausted,” the EU official said, referring to the European Peace Facility (EPF) used to fund arms for Kyiv.
EU could top up fund for Ukraine arms purchases by 3.5 bln euros
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