EU Set to Increase Weapons Fund Used for Ukraine by €3.5 Billion
- Hungary still blocking money alloted to Kyiv over shame list
- EU foreign ministers due to sign off on plans on Monday
A Spanish soldier directs a Leopard 2A4 tank operated by Ukrainian military personnel during a training exercise in Spain
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
European Union member states are set to increase the size of its fund to finance weapons deliveries by nearly 50%, but Hungary is still blocking plans for more of that money to be alloted to Ukraine, according to people familiar with the discussions.
The bloc aims to add another €3.5 billion ($3.8 billion) to the European Peace Facility, which currently has a budget of about €7.9 billion. It reimburses governments for military deliveries to Ukraine, but is also used to support other countries.