Belgium, the country holding the presidency, says that the countries have agreed on the renewal of the fund and additional funding.
of the EU on Wednesday, the member countries reached an agreement on additional funding of five billion euros for the European Peace Fund.
It is a fund through which EU member states are reimbursed for the costs of ammunition and weapon aid delivered to Ukraine. The countries send weapons to Ukraine and the bill goes to the peace fund.
The EU's current presidency, Belgium, told about reaching an agreement and renewing the fund.
of the EU through the off-budget peace fund, the member states have supported Ukraine's war effort with 6.1 billion euros. According to Belgium, the five billion euro supplement is to be made by the end of this year.
The operation of the Peace Fund was badly disrupted in the spring, when Hungary stopped the compensations paid through it with its veto.
Hungary was nervous that Ukraine had placed Hungary's largest bank, OTP, on its own blacklist, where it lists companies that support Russia's war of aggression. Ukraine removed the bank from its list, but Hungary has still stopped new payments.
Hungarian in addition, Germany has been dissatisfied with the operation of the peace fund. Last December, the leaders of the EU countries were supposed to agree that the fund would be increased by 20 billion euros over the next four years, but Germany wanted to change the fund's rules first.
Germany has wanted the ever-increasing bilateral aid to Ukraine to be taken into account in the member countries' contributions to the fund. The background of the demand is that Germany has given Ukraine the largest support of the EU countries, around 17.7 billion euros.
France, on the other hand, has demanded that only weapons and ammunition made in the EU be replaced through the fund.
#Ukraine #countries #reached #agreement #longstalled #dispute #Ukrainian #arms #aid #fund
