EU to Review Its Multi-Billion Euro Foreign Aid Allocations
- Commission outlines vision for the bloc’s 2028-2034 budget
- Brussels says it cannot afford to be ‘donor of last resort’
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The European Union will conduct a review of its multi-billion euro external aid to more closely align the bloc’s funding allocation with its foreign policy interests in the midst of a challenging international environment.
The move comes as the European Commission wrestles with a growing list of priorities including defense, amid the backdrop of the Ukraine war — now in its third year — and hostile posturing from US President Donald Trump in his first weeks in office.