Yesterday at 19:21
The European Union is working on a new military aid package for Ukraine worth around €20 billion ($20.9 billion).
That is according to Bloomberg, citing sources, as reported by Ukrinform.
The package is expected to include supplies of artillery ammunition, air defense systems, precision-guided missiles, drones, other weaponry, and support for reinforcing Ukrainian military brigades.
According to sources, the EU aims to reach a principle agreement on this initiative at the Foreign Ministers’ meeting next week. The final decision on financial details and the approval of the package will be made by EU leaders.
The publication notes that the timelines may shift as Hungary has stated that it will oppose any new military aid to Ukraine, and Germany is concerned about the results of its elections.
The initiative includes contributions from EU member states and their allies, both in cash and in kind.
Politico reports that these efforts are being coordinated by EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas. According to sources, the aid will most likely be provided through combined contributions from individual member states, rather than an official EU package, due to the position of some countries, including Hungary.
As previously reported by Ukrinform, the EU Foreign Ministers’ Council will meet on Monday, February 24, in Brussels, where military aid to Ukraine and increased pressure on Russia will be discussed.
