European Union member states have agreed on the terms for releasing €6.6 billion ($7.5 billion) through the European Peace Facility to support Ukraine, EU foreign policy chief Kaja Kallas said on Friday.
The package will finance military assistance as well as reimburse EU countries for support already provided to Kyiv.
“That’s good news for Ukraine and bad news for Russia,” Kallas said in a post on X.
Of the total, €900 million ($1 billion) will go towards the EU Military Assistance Mission for Ukraine, while another €1 billion ($1.2 billion) has been earmarked for new joint procurement of military equipment.
The largest portion — €4.7 billion ($5.5 billion) — will be used to reimburse EU member states. According to Kallas, some countries have already indicated that they intend to redirect their reimbursements to Ukraine.
Kallas also linked the decision to what she described as Russian efforts to weaken European backing for Kyiv.
“Moscow’s hybrid attacks try to intimidate Europe into scaling back its support for Ukraine. Europe is doing the opposite,” she said.
The European Peace Facility is an EU financing mechanism used to provide military assistance to partner countries. It has previously funded equipment and supplies for Ukraine as well as the bloc’s military assistance mission supporting the country.