• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12831.81
    • RUB163.75
    • EUR14606.45
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +27°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    EU unveils ambitious €20 bn plan for Ukraine's long-term military support amid conflict with Russia

    EU unveils ambitious €20 bn plan for Ukraine's long-term military support amid conflict with Russia

    The European Union has proposed a bold and significant plan to provide substantial military support to Ukraine over the next four years, as the country continues to face a conflict with Russia. Josep Borrell, the EU's foreign policy chief, unveiled the blueprint, which includes earmarking €20 bn in funds to partially reimburse member states for their supplies to Ukraine.

    Photo: Josep Borrell said the €20-billion would make the European Union's military support for Ukraine more "sustainable and predictable."
    Source: AP

    The financial allocation will be channeled through the European Peace Facility (EPF), an off-budget instrument that has been instrumental in providing military assistance to the Ukrainian Armed Forces, with €5.6 bn already deployed. The new proposal seeks to establish a dedicated section within the EPF to allocate up to €5 bn per year for the next four years to meet Ukraine's defense needs.

    "We propose the creation of a dedicated section under the European Peace Facility to provide up to €5 bn a year for the next four years for the defense needs of Ukraine," explained Borrell. 

    He also highlighted that this approach allows the EU to maintain compliance with its founding treaties, which prohibit the use of common funds for military or defense operations.

    The EU's commitment to providing military aid to Ukraine was solidified during a recent summit, and the €20 bn plan represents a significant step towards bolstering the country's security.

    However, there are some challenges ahead of the proposal. Before it becomes a fully-fledged plan, it will need to be negotiated and approved by member states. This process will begin with an informal ministerial meeting in Toledo, Spain, scheduled for late August.

    One potential hurdle is the issue of veto power that some member states possess, which has hindered the smooth implementation of previous funding plans under the EPF. For instance, Hungary currently blocks the release of a €500 mn tranche in retaliation for Ukraine's decision to list OTP Bank as an "international sponsor of war."

    Despite these potential obstacles, the EU's proposal comes at a crucial time for Ukraine, as it faces Russian strikes on its grain storage facilities. President Vladimir Putin's decision to suspend the Black Sea corridor, which facilitated the trade of low-cost cereals globally, has raised concerns about food security and commodity prices.

    Describing the situation as an "atrocity," Borrell criticized Putin's use of hunger as a weapon against nations that hesitate to condemn Russia's actions in Ukraine. The EU's plan aims to provide the necessary support to Ukraine in its defense efforts while countering the wider repercussions of the conflict on global food security.

     

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    21.07.2023, 15:16   Comments (0)   1225
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Finnish police foil far-right terror plot: 3D printed guns intended to ignite 'race war' 

    21.07.2023, 15:08

    Mass shooting in Caribbean Island of St. Vincent: five dead, including 13-year-old 

    21.07.2023, 14:54

    Helicopter pilot loses life amidst Canada's worst wildfire season 

    21.07.2023, 14:49

    Human remains uncovered at Texas ranch sparks intense investigation by sheriff's office 

    21.07.2023, 14:44

    WHO turns to India for assistance in unraveling toxic syrup mystery linked to child deaths in Cameroon 

    21.07.2023, 14:36

    New York City reaches landmark $13 mn settlement with George Floyd protesters 

    21.07.2023, 14:23
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Beeline Uzbekistan started 2025 with a significant network modernization


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34

    Uzbekistan’s foreign trade turnover reaches $24.6bn in 4M25, up 16.3% y/y

    22 May, 11:29

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24
     
     
     

    Latest news

    Kyrgyzstan begins building first wind power plant in Balykchy

    Kyrgyzstan | 6 June, 15:44

    Uzbekistan launches pilot cargo shipment on Uzbekistan-Kyrgyzstan-China-Mongolia corridor

    Uzbekistan | 6 June, 13:34

    Uzbekistan sends 183 tons of humanitarian aid to Afghanistan

    Uzbekistan | 6 June, 11:00

    Uzbekistan qualifies for FIFA World Cup 2026 after draw with UAE

    Uzbekistan | 5 June, 23:33

    IndiGo to launch Mumbai–Tashkent flights from August 1, expanding India–Uzbekistan air connectivity

    Uzbekistan | 5 June, 17:49

    Kazakhstan–Belarus trade grows 3.6% in 1Q25, nearing $200mn

    Kazakhstan | 5 June, 15:10

    Langar Ota Complex reopens in Uzbekistan with $250,000 U.S. conservation support

    Uzbekistan | 5 June, 14:03

    Iran, Uzbekistan sign MoU to expand transit cooperation and port development

    Uzbekistan | 5 June, 13:01
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.