EU states agree to allocate €6.6 billion from Peace Facility to support Ukraine aid

European Union member states reached an agreement on Friday to allocate €6.6 billion from the European Peace Facility. The funds are intended to reimburse member states for the costs of weapons and military equipment they have supplied to Ukraine in its defense against Russia's invasion. The agreement was announced by Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy.

How the Peace Facility works

The European Peace Facility is a mechanism through which EU member states can receive partial compensation for military assistance provided to third countries, including Ukraine. It allows the bloc to agree on a shared distribution of costs, easing the financial burden on countries that have contributed larger shares of weapons and equipment.

The newly agreed €6.6 billion allocation shows that EU member states continue to seek ways to collectively share the expenses linked to supporting Ukraine. The decision comes as Ukraine's defense needs remain significant amid the ongoing war, with EU states regularly negotiating further financial and military support.

Kallas announced the agreement on Friday, describing it as part of the EU's broader effort to maintain a reliable support mechanism for countries that have provided military equipment to Ukraine. The source report did not specify how the funds will be divided among individual member states.