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EU should fund weapons and fuel for ‘heroic’ Ukraine, Borrell says

admin by admin
27 February 2022
in Americas, ASIA, Asian, Banking & Investment Services, Banks, Belarus, Central / Eastern Europe (Energy), CIS Countries, Defense, East European Countries, Emerging Market Countries, EU Institutions, Euro Zone, Europe, European Union, Finance, Financials, Germany, International / National Security, International Agencies / Treaty Groups, International Trade, N2:BISV08, N2:BSVC, N2:CWP, N2:DIP, N2:FINS08, N2:GEN, N2:M:1QD, N2:M:1WN, N2:M:2CM, N2:M:2CN, N2:M:2CP, N2:M:2CQ, N2:M:2CR, N2:M:2CS, N2:M:2CT, N2:M:2CU, N2:M:2CV, N2:M:2D1, N2:NAMER, N2:NEWS1, N2:US, NATO, North Asia, Old Economy, Old Europe, Old Politics, Politics, Russia, Ukraine, US, Western Europe
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EU should fund weapons and fuel for ‘heroic’ Ukraine, Borrell says

Ukrainian servicemen take positions at the military airbase Vasylkiv in the Kyiv region

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(Reuters) – European Union foreign policy chief Josep Borrell will propose using EU funds to help finance weapons and other supplies such as fuel for Ukraine.

“I will propose to (EU foreign) ministers to use the European Peace Facility for two emergency assistance measures,” he said in a statement on Sunday, ahead of a virtual meeting to discuss fresh sanctions on Russia.

“These aim to finance the supply of lethal material to the heroic Ukrainian army, which is fighting with fierce resistance against the Russian invaders and provide urgently needed non-lethal supplies, such as fuel.”

(Reporting by Sabine Siebold; Editing by Andrew Cawthorne)

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