The Member States of the European Union have reached an agreement on the arrangements for releasing €6.6 billion from the European Peace Facility (EPF) earmarked for Ukraine. This was announced by the EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, in a post on X.
“This is good news for Ukraine and bad news for Russia,” wrote Kallas, going on to explain how the funds will be allocated: €900 million will go towards the EU’s military assistance mission, €1 billion will fund new joint equipment purchases, and €4.7 billion will be used to reimburse Member States for their supplies, “with some capitals ready to transfer their share directly to Kyiv,” she explained. “Moscow’s hybrid attacks try to intimidate Europe into scaling back its support for Ukraine. Europe is doing the opposite,” Kallas concluded in the post.
Money related to Ukraine stuck in the fund for months, initially blocked by the previous Hungarian government, under Russia-friendly Prime Minister Viktor Orban.
It was unclear exactly how much of the funds to be released under Friday’s agreement would directly benefit Ukraine. It will be up to individual EU governments to decide how much of their refunds they allocate to fresh military aid for Kyiv.
