The Head of Foreign Policy of the European Union, Josep Borrell He stressed that the bloc was concerned that the crisis caused by the Russian invasion of Ukraine could spread to neighboring countries, including Moldova, Georgia and the Western Balkans.
“We are concerned about what might happen in the region,” Borel said after the foreign ministers’ teleconference. “We are afraid that Russia will not stop in Ukraine and Russian influence may begin to operate in neighboring countries.” He added that Poland had offered to act as a logistics hub for arms shipments to Ukraine.
At the same time, EU member states agreed to release € 450 million in arms supplies from the EU to Ukraine.
EU High Representative Josep Borrell spoke of a “historic moment”.
“This is the first time in history that the EU will finance the purchase and delivery of weapons to an attacking country,” said Borrell, shortly after the conclusion of an emergency teleconference by the EU foreign ministers.
The 450m euros will be used by the EU to buy weapons and hand them over to the Ukrainian armed forces to resist the Russian invasion. In addition, the “27” agreed to release 50 million euros for the supply of fuel to Ukraine.
Source: News Beast

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.