EU Allocates €1.9 Billion for Ukrainian Military Support

The European Union has committed nearly €1.9 billion to support Ukraine militarily. This includes €1 billion for weapons from Ukrainian manufacturers, €600 million for artillery and ammunition, and €200 million for air defenses, utilizing funds from frozen Russian assets via the European Peace Fund.

In a significant boost to its military capabilities, Ukraine will receive nearly €1.9 billion from the European Union, according to an announcement by Prime Minister Denys Shmyhal.

Of the total funds, €1 billion is allocated for purchasing weapons directly from Ukrainian manufacturers, as stated in Shmyhal's post on Telegram. Furthermore, €600 million will be used for acquiring artillery and ammunition, while €200 million is earmarked for enhancing the country's air defenses.

Shmyhal notably acknowledged the crucial roles of Denmark, France, the Netherlands, and Italy in facilitating the €1 billion weapons purchase. He termed the initiative 'historic', as it leverages the European Peace Fund, primarily utilizing proceeds from frozen Russian assets, to finance the military support package.

(With inputs from agencies.)