BRUSSELS: The European Union has agreed to provide five billion euros (USD 5.48 billion) for military support to Ukraine, as part of a revamp of an EU-run assistance fund, reported Al Jazeera.
In a move to extend military support to Ukraine as its forces struggle against Russia's invasion, the EU stated that it will support Ukraine with whatever it takes to prevail.
European Union's High Representative for Foreign Affairs and Security Policy, Josep Borrell, "We made it: #Coreper agreed on the #UkraineAssistanceFund. The Fund will allow us to step up our military support to #Ukraine with another EUR5 billion. The message is clear: we will support #Ukraine with whatever it takes to prevail."
Ambassadors from the EU's 27 member countries agreed to the overhaul of the European Peace Facility (EPF) fund at a meeting in Brussels on Wednesday after months of wrangling, with EU heavyweights France and Germany at the centre of much of the debate, reported Al Jazeera.
The fund operated as a giant cash-back scheme, giving EU members refunds for sending munitions to other countries.
France, a strong promoter of European defence industries, had insisted on a strong "buy European" policy for arms eligible for refunds.
However, other countries argued that such a requirement would inhibit efforts to buy weapons from worldwide to Ukraine quickly, according to Al Jazeera.
Germany has been by far Europe's biggest bilateral donor of military aid to Ukraine and has demanded donations be taken into account in determining the size of countries' financial contributions to the fund.