07/05/2018 (Agence Europe) – On Saturday 5 May, High Representative of the EU for Foreign Affairs and Security Policy Federica Mogherini announced her intention to present "detailed options" for the European Peace Facility by mid-June. "I also informed ministers on my intention to present a detailed proposal by mid-June on the European Peace Facility, a new off-budget instrument to finance our defence work, military operations, but also support for partners, and also the possibility to finance military equipment of partners", she said at a press conference at the end of the informal Defence Council. In December 2017, Mogherini had announced her intention to launch such a facility (see EUROPE 11926). The Commission has provided for an envelope of €10.5 billion for this off-budget instrument in its 2021-2027 budget proposal (see EUROPE 12013). (CG)