EU member states have agreed on the terms for releasing €6.6 billion ($7.5 billion) in European Peace Facility funds for Ukraine, EU foreign policy chief Kaja Kallas said Friday.
“That’s good news for Ukraine and bad news for Russia,” Kallas said on US social media platform X.
Of the funds, €900 million ($1 billion) will support the EU Military Assistance Mission for Ukraine, while €1 billion ($1.2 billion) will fund new joint procurement of military equipment, she said.
The remaining €4.7 billion ($5.5 billion) will reimburse EU member states, with some countries already saying they will channel their share to Ukraine, according to Kallas.
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