NEWS

EU to provide new 500 million euro military aid to Ukraine, Borrell says

EU to provide new 500 million euro military aid to Ukraine, Borrell says

EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 million euros’ worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian oil.

Speaking to reporters on the sidelines of the G7 foreign ministers meeting in northern Germany, Borrell said the military support would be for heavy weapons such as tanks and artillery and take the bloc’s aid to about 2 billion euros.

“A new impetus for military support. (It will be) more pressure on Russia with economic sanctions and continuing the international isolation of Russia and countering misinformation,” he said.

Borrell said he was also optimistic an EU embargo on Russian oil could also be agreed in the coming days.
“I am sure we will have an agreement. We need it and we will have it. We have to get rid of the oil dependency from Russia,” he said.

“If there is no agreement at the level of ambassadors, then on Monday the ministers when they gather have to provide the political impetus.” [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.