UA
  • News
  • Popular
  • Search
  • Apps
download white apps
Download

EU creates joint fund for arms purchases amid threat from Russia

news.online.ua
Sat, 12 Apr 2025 16:04:00 +0300
EU creates joint fund for arms purchases amid threat from Russia
EU creates fund for arms purchases to defend against RussiaThe fund, called the European Defense Mechanism, was proposed by the Bruegel think tank in a ministerial discussion paper as a way to address the problem of how highly indebted countries can pay for expensive military equipment.This is part of a broader European effort to prepare for a potential attack by Russia, as EU governments realize they can no longer rely entirely on the United States for their security.This is a good starting point for discussion, said Portuguese Finance Minister Joaquim Miranda Sarmento.Several other EU countries have also expressed initial support, noting that creating such a fund could be technically relatively simple, as it would be based on the model of the eurozones bailout fund, the European Stability Mechanism. We will still have some questions about the mandate, the funding, the contributions, the market leverage. There are some questions about the funding, and also about the military aspect, Sarmento said. The EU is already seeking to increase military spending by 800 billion over the next four years by relaxing its fiscal rules on defense investment and jointly borrowing for major defense projects from the EU budget.But such options increase public debt, which is a concern for many highly indebted countries, while the Bruegel Center would provide a way to keep some defense investment out of national budgets.The fund will be established under an intergovernmental agreement and will have significant paidin capital, allowing it to borrow funds on the market.The fund can be joined by members from nonEU countries, such as Britain, Ukraine or Norway. Since the fund will own the equipment it buys, the debts incurred to pay for it will remain in the funds accounts, not in national accounts.The Fund will also contribute to the creation of a single European market for defense equipment in order to reduce costs and pool resources. The document on the fund notes that Europe has a chance to reduce its military dependence on the US by 2030 only if procurement is maximally pooled and a common European defense market is created with the participation of the UK as the main industrial defense player in order to strengthen competition.
Read in full

Latest news

Leaders of UK, France, Germany and Poland to visit Ukraine in joint show of support
Leaders of UK, France, Germany and Poland to visit Ukraine in joint show of support
Keir Starmer, Emmanuel Macron, Friedrich Merz and Donald Tusk to make symbolic visit day after Putin paradeThe leaders of Britain, France, Germany and Poland are due in Kyiv on Saturday for a symbo...
www.theguardian.com
Sat, 10 May 2025 00:30:36 +0300
First Joint Visit of Four European Leaders to Ukraine
First Joint Visit of Four European Leaders to Ukraine
On Saturday, the leaders of four major European powers France, Germany, Britain and Poland will travel to Kyiv in a display of European unity.
www.nytimes.com
Sat, 10 May 2025 00:30:04 +0300
In Pokrovsk direction, enemy attacked 51 times, 96 occupiers were neutralized – General Staff
In Pokrovsk direction, enemy attacked 51 times, 96 occupiers were neutralized – General Staff
Since the beginning of this day, as of p.m., combat engagements have taken place at the front.
censor.net
Fri, 09 May 2025 22:59:00 +0300
Nearly 200 Russian attacks on Sumy region over May 8–9: three killed, seven injured – RMA. PHOTOS
Nearly 200 Russian attacks on Sumy region over May 8–9: three killed, seven injured – RMA. PHOTOS
Despite the so-called ceasefire declared by Russian dictator Vladimir Putin, Russian invaders continued shelling Sumy region on both May and May . Over the course of two days, nearly attac...
censor.net
Fri, 09 May 2025 22:41:00 +0300
U.S. hopes Ukraine and Russia will agree to 30-day ceasefire – White House
U.S. hopes Ukraine and Russia will agree to 30-day ceasefire – White House
U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy discussed a proposed -day ceasefire between Ukraine and Russia during a phone call on May .
censor.net
Fri, 09 May 2025 22:31:00 +0300
U.S. Embassy in Ukraine warns of possible large-scale Russian airstrike in coming days
U.S. Embassy in Ukraine warns of possible large-scale Russian airstrike in coming days
The U.S. Embassy in Kyiv has issued a warning about a potentially large-scale Russian airstrike that could occur at any moment within the next few days.
censor.net
Fri, 09 May 2025 22:27:00 +0300
Dutch leader says NATO's chief insists allies should spend at least 3.5% of GDP on defense budgets
Dutch leader says NATO's chief insists allies should spend at least 3.5% of GDP on defense budgets
Dutch Prime Minister Dick Schoof says NATOs chief wants the allies to agree to start spending at least . of GDP on their defense budgets at their summit next month
www.independent.co.uk
Fri, 09 May 2025 22:23:56 +0300
Trial for Lavrov and Putin: all about the tribunal for Russia that received Europe's blessing
Trial for Lavrov and Putin: all about the tribunal for Russia that received Europe's blessing
Tribunal for Russian leaders to be set up in The Hague who spoiled Putins celebration, and how will this new Nuremberg work
www.eurointegration.com.ua
Fri, 09 May 2025 22:23:02 +0300
Occupiers attacks on Siversk, Rivne, and Mykolaipillia kill two, injure one in Donetsk region
Occupiers attacks on Siversk, Rivne, and Mykolaipillia kill two, injure one in Donetsk region
On Friday, May , Russian shelling of Siversk, Rivne, and Mykolaipillia in the Donetsk region killed two men and injured another.
censor.net
Fri, 09 May 2025 22:11:00 +0300
Grandma's Ultimate Pie Collection
Grandma's Ultimate Pie Collection
This delightful collection of pie recipes features an array of flavors that evoke the warmth and comfort of home. Each pie is crafted with love, embodying the essence of traditional baking...
toastpad.com
Fri, 09 May 2025 22:05:30 +0300
додати ще новини more news

Top news

Authentic Pasta all'Amatriciana
Authentic Pasta all'Amatriciana
Garlic Parmesan Sweet Potato Mash
Cacio e Pepe
Chilled Brew Tonic
Decadent Vegan Brownies
  • About us
  • Contacts
  • Rules of use
  • Apps