Ukraine able to buy weapons from non-European suppliers with €90bn EU loan
The Guardian • • world
Key Points:
- The EU plans to provide Ukraine with a €90bn loan later this year, allowing Kyiv to purchase military equipment from non-European suppliers if necessary, under a proposal by the European Commission.
- The loan includes €60bn for military spending and €30bn for general budget support, with repayments contingent on Russia paying reparations for war damages.
- Payments will be linked to Ukraine’s adherence to rule of law and anti-corruption reforms, following concerns raised after a major Ukrainian graft investigation.
- Ukraine must prioritize buying military equipment from domestic, EU, EEA, or EFTA suppliers, but can procure from outside these regions if the required equipment is unavailable.
- The loan is supported by 24 EU member states, with Hungary
