EU: By 2030, plan 800 billion euros in defense investments - "A new European financial instrument" will provide 150 billion euros in loans
EU leaders approved the rapid implementation of armament plans, with the aim of increasing the amount of the combat arsenal over the next five years.
At the EU summit in Brussels, the heads of state and government of the member states agreed to do everything possible to significantly strengthen Europe's defense capabilities. The EU plans to invest up to 800 billion euros in defense by 2030.
EU Commission President Ursula von der Leyen wants to create, among other things, "a new European financial instrument" providing loans totaling 150 billion euros. There are also plans to ease regulations and relax requirements on the arms industry.
The reason for these plans is the threat from Russia. According to the European Commission, the EU must immediately prepare for the possibility of a large-scale war with Russia. The situation is considered particularly dangerous due to the announcements made by US President Donald Trump, who has declared that the nuclear superpower USA will no longer be available unconditionally as a guarantor of peace in Europe.
Hungarian Prime Minister Viktor Orban said at the summit that he would not accept any new EU decision in favor of Ukraine. The leaders of the other 26 member states later reaffirmed in a statement, without Orban, that they continue to unconditionally support "the independence, sovereignty and territorial integrity of Ukraine within its internationally recognized borders."
In Brussels, it also became clear that the geographical position leads to a different view between Eastern and Southern European countries regarding Ukraine. The Prime Minister of Finland, Petteri Orpo, and the President of Lithuania, Gitanas Nauseda, called for Ukraine to become an EU member before 2030.
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