On Monday 18 March, European foreign ministers agreed to the creation of a dedicated ‘Ukraine Assistance Fund’ (UAF) within the ‘European Peace Facility’. The UAF will have an allocation of €5 billion in current prices and the financial ceiling of the ‘European Peace Facility’ now stands at over €17 billion for the 2021-2027 period.
“This will add predictability to our military support, which remains guided by the needs of Ukraine”, stressed the High Representative of...