Ambassadors of the European Union agreed in principle to provide €5 billion ($5.5 billion) in military support for Ukraine, after member states reached a compromise to allow purchases from outside the bloc.
The envoys backed the plan at a meeting Wednesday, the Belgian presidency of the EU said in a post on X. The agreement boosts the European Peace Facility (EPF), a mechanism used to refund member states for weapons they send Ukraine.
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Source: Bloomberg