Members of the European Union have reached an agreement on the new financial tool “Safe”, which will distribute the billions of loans to be used in European defense. In fact, Ukraine will also be able to ask for money for its equipment. The Polish Presidency of the EU Council welcomed this agreement as a “great success” for our “main priority” safety, noting that the compromise was achieved after “difficult negotiations” that lasted two months. The final text of the Regulation will not be released before its final approval by the General Affairs Council to meet on May 27 in Brussels. The “Safe” financial tool will provide low -profile perennial loans of up to 150 billion euros, which will guarantee the EU budget. These loans will be intended for the joint funding of purchases and equipment projects in areas where European offering remains inadequate, such as the production of missile, anti -aircraft defense systems etc. […]
Source: News Beast
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