EU leaders approved plans to increase defense costs – Meduza

The leaders of the European Union at the Summit in Brussels supported the initiatives to increase defense expenses. It is reported by Financial Times. Among the approved initiatives is to provide loans for a block of 150 billion euros for defense investments. As FT notes, the leaders of the 27 EU countries called on the European Commission to submit detailed proposals, which will then require the approval of the governments of the Bloc. Increase assistance to Ukraine. The von der Layen plan includes five directions, one of which is a new fund for 150 billion euros in the form of loans for the countries of the European Union for defense, for example, air defense and missile defense, artillery systems, rockets and ammunition, drones and protection systems from them. According to the head of the European Commission, Rearm Europe may release a total of 800 billion euros for defense expenses. (Tagstotranslate) News

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