European Union Announces 6.6 Billion Euro Support Package for Ukraine

European Union member states agreed on a comprehensive support package of 6.6 billion euros through the European Peace Fund to meet Ukraine's defense and logistics needs. This massive financing move aims to strengthen Ukraine's military capacity and eliminate critical equipment deficiencies during the war.

900 million euros of the package was allocated for direct military aid and 1 billion euros for the purchase of new joint equipment. While the remaining 4.7 billion euros are planned to be repaid to member states, some countries are expected to speed up the process by transferring this amount directly to Ukraine.