https://sputnikglobe.com/20250520/eu-forks-out-169-bln-for-war-chest-1122093905.html
EU Forks Out $169 Bln for War Chest
EU Forks Out $169 Bln for War Chest
Sputnik International
The EU has greenlit a new $169 billion defense fund to bankroll ammo, drones, and critical infrastructure, Bloomberg reported.
2025-05-20T06:36+0000
2025-05-20T06:36+0000
2025-05-20T06:36+0000
european union (eu)
ukraine
donald trump
military & intelligence
defense
missiles
missile system
military
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The EU has greenlit a new $169 billion defense fund to bankroll ammo, drones, and critical infrastructure, Bloomberg reported. Financed through joint borrowing, it will give loans to EU members and countries such as Ukraine to boost the arms industry. The hiked spending is pitched as a response to Donald Trump’s scale-back of US defense in Europe. Besides the $169 billion program, looser fiscal rules could unleash up to $904 billion in more military spending. Such loans would go to finance what Europe “lacks,” like:
https://sputnikglobe.com/20250519/rheinmetalls-war-profiteering-in-ukraine-may-culminate-in-pinpoint-strikes-on-its-factories-1122087685.html
ukraine
2025
News
en_EN
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eu greenlights new $169 billion defense fund to bankroll ammo, drones, and critical infrastructure, what is the new eu defense fund, how will the new eu defense fund be financed, what will the new eu defense fund be used for
eu greenlights new $169 billion defense fund to bankroll ammo, drones, and critical infrastructure, what is the new eu defense fund, how will the new eu defense fund be financed, what will the new eu defense fund be used for
European Commission President Ursula von der Leyen called the new program a “once-in-a-generation moment’ after previously saying that the EU faces defense investment needs of approximately $565 billion over the next decade.
