Russian Threat Spurs EU’s Lending Arm to Look at Funding Defense
- EU leaders will call on the EIB to expand dual-use definition
- The bloc is seeking to boost spending with an eye on Russia
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The European Investment Bank is considering ways to expand its support for the defense industry, in a move that would help the EU bolster its security in response to the growing threat from Russia.
The lending arm of the European Union is in talks with the bloc’s executive and other stakeholders to begin investing in military companies that produce defensive products, according to a person familiar with the plans. EU leaders will discuss the EIB’s role in defense readiness when they meet next week.