Bond.az White LogoBond.az Black Logo

EU to distribute €6.6 billion to countries sending weapons to Kyiv

The EU will unblock €6.6 billion from the European Peace Facility to compensate countries that sent weapons to Ukraine. Kaja Kallas provided details.

Benjamin Moore
ByBenjamin Moore- Senior Editor
|
0

The EU has confirmed that Hungary agreed to unblock €6.6 billion in the European Peace Facility, intending to compensate European countries that have supplied military aid to Ukraine.

Oxu.Az reports that EU diplomatic chief Kaja Kallas announced this at an informal meeting of EU defense ministers in Cyprus. She stated that with Hungary's new government, the fund is being unblocked.

Kallas presented two projects: one to compensate countries that supplied the most weapons, and another to split the funds between compensation and new deliveries. When asked if Ukraine could claim part of the money, Kallas said that while all interests would be considered, "no one will get 100%."

She also noted that Ukraine will receive the first tranche of €90 billion in early June, but discussions on the €6.6 billion are ongoing.

More News
Today / 00:30
|
587

Elephant Seal Blocks Traffic in Australia - Video

A massive elephant seal named Nil blocked traffic in Australia, causing chaos. Video footage shows the incident.

0
Today / 00:01
|
975

Heatwave in France kills over 1,000

Over 1,000 people died in France due to the record heatwave. Most victims were elderly over 65.

0
Yesterday / 23:01
|
990

Trump's sons acquire stake in Kazakhstan rare earth project

Trump's sons gain 20% stake in Kazakhstan tungsten project via Dominari Securities.

0
Yesterday / 22:30
|
558

US and Iran Agree to Halt Mutual Strikes

US and Iran agree to halt mutual strikes and plan June 30 consultations in Doha over Strait of Hormuz disputes.

0
Yesterday / 21:31
|
270

Two children found dead in car in Cyprus

Two children found dead in a car in Cyprus under British bases jurisdiction. Initial cause: suffocation. British police investigating.

0
Yesterday / 21:01
|
376

Woman rescued 86 hours after Venezuela earthquake

A 60-year-old woman was rescued 86 hours after the Venezuela earthquake. Salvadoran and Peruvian rescuers conducted a joint operation.

0
Yesterday / 20:01
|
976

Kazakh army enters highest combat readiness

Kazakhstan raises army to highest combat readiness from June 29 to July 2. Tactical exercises to be held.

0
Yesterday / 19:31
|
650

5.2 Magnitude Earthquake Hits China

A 5.2 magnitude earthquake hits China's Sichuan province. Epicenter 311 km west of Xiongchang, depth 10 km. No casualties reported.

0
Yesterday / 18:30
|
753

Ammunition depot fire in Germany: 650 evacuated

A fire at a former ammunition depot in Germany forced the evacuation of 650 people. The flames spread to three hectares, causing old munitions to explode.

0
Yesterday / 17:30
|
664

Uganda: Soldiers Halt TV Broadcasts

Uganda soldiers ordered by president's son besiege largest independent media holding, halt TV broadcasts.

0
Yesterday / 17:01
|
701

Extreme heat in Europe: temperature records

Extreme heatwave in Europe: temperature records broken in Germany, Austria and Poland. New maximum of 41.7°C.

0
Yesterday / 16:30
|
697

Venezuela Quake: Footballer's Family Dies

Argentine footballer Lucas Trejo's wife and two children died in a Venezuela earthquake. The family was found after a 74-hour search.

0
...
EU to distribute €6.6 billion to countries sending weapons to ...