Latvia seeks €7 billion from EU to cover costs caused by Russia's war
Latvia's prime minister wants the European Union to allocate €7 billion to the country to cover military and economic costs caused by Russia's war, Politico reports.
Latvia's prime minister intends to ask Brussels to allocate €7 billion to cover expenses the country has incurred because of Russia's war, according to the international outlet Politico.
According to the available information, the requested sum is meant to compensate for both defense-related and economic losses that Latvia has faced amid the escalation triggered by Russia's invasion of Ukraine.
Politico notes that such a request reflects Latvia's efforts to secure greater financial support from the European Union for countries that border Russia or are located in its immediate vicinity and that have had to increase spending on security and defense.
The source text does not specify further details on how the requested funds would be divided between military and economic purposes. It is also not yet known when or in what form this request will be formally submitted to European Union institutions, nor how other EU member states will respond to the initiative.
