The European Union approved an increase in financing of the European Peace Fund, through which arms supplies to Ukraine are carried out, by €2 billion. This fund is used by the EU countries to finance the purchase of weapons for Kyiv, but now, after 10 months of the war, it is almost empty.

Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, stated this at a briefing..

“We must continue to support Ukraine.

Therefore, we have made a clear commitment to maintain military support,” he said, adding that they had agreed to increase funding for the European Peace Fund by €2 billion, for a total of €3.5 billion..

The European Council also approved the possibility of a further increase in the fund. The total increase in the financial volume of the fund by 2027 will be up to €5.5 billion.

As reported, German Chancellor Olaf Scholz, at the end of the G7 video summit, said that the G7 countries would coordinate the assistance that would be accumulated for the restoration of Ukraine..