Business news from Ukraine

Ambassadors of EU member states approve 5 billion euros of military aid for Ukraine

13 March , 2024  

Ambassadors of the European Union member states have approved the allocation of 5 billion euros of military aid for Ukraine under the European Peace Facility.

The decision was taken on Wednesday in Brussels on the sidelines of a meeting of the Committee of Permanent Representatives, the Belgian Presidency said on its social media page X.

“A deal! EU ambassadors agreed in principle to reform the European Peace Facility to support Ukraine with a €5 billion budget for 2024. The European Union remains determined to provide long-term support to Ukraine and to ensure that the country receives the military equipment it needs to defend itself,” the presidency said.

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