Latest news with #EUfund
Bloomberg
08-07-2025
- Business
- Bloomberg
EU Weighs €100 Billion Fund for Ukraine in Next Budget Proposal
The European Union is considering setting up a €100 billion ($117 billion) fund to support Ukraine as its war with Russia following Moscow's full-scale invasion shows no signs of ending. The money may become part of the EU's proposal for its next seven-year budget, which is due to be presented later this month, according to people familiar with the matter. If accepted by member states as part of budgetary negotiations, the funding would start being disbursed in 2028 to maintain steady financial assistance to the war-torn country, the people said, speaking on condition of anonymity.
Bloomberg
07-07-2025
- Business
- Bloomberg
EU to Conclude Deals to Give UK, Canada Access to Defense Loans
The European Union will propose bilateral agreements with the UK and Canada as soon as the end of July, which would give them access to the bloc's new €150 billion ($176 billion) loan fund for defense production, according to people familiar with the matter. The accords, which will allow British and Canadian companies to participate in common procurements financed by the EU fund, come on top of security and defense partnerships the EU recently concluded with the countries.
Bloomberg
13-05-2025
- Business
- Bloomberg
Poland's Domanski Sees EU Defense Fund Agreement This Month
Polish Finance Minister Andrzej Domanski said he expects the European Union to reach a deal this month on a €150 billion ($167 billion) fund to boost the bloc's defense capabilities. He told a news conference following a meeting of his EU counterparts in Brussels on Tuesday that member states agree on the 'vast majority of issues' even if some would prefer more flexibility.
