Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: The announcement of the visit was met with angry reactions as some called for banning it, considering it a sign of normalization with "Israel"
Israeli media: Saudi ambassador to the Palestinian Authority cancels his visit to al-Aqsa
Burkina Faso's military government says it had foiled a coup attempt the previous day: Statement
Supreme Political Council in Sanaa announces the dismissal of the current government headed by Abdulaziz bin Habtoor and assigns it to manage regular public affairs
Ministry of Health in Gaza: Two Palestinians injured by Israeli occupation forces gunfire east of Gaza Strip
Kremlin says Canada must bring to justice or extradite Nazi SS veteran who spoke in Parliament.
Kremlin: The terrorist attack on Nord Stream was de facto somehow organized by the United States and the United Kingdom.
Al Mayadeen's Correspondent in Baghdad: Turkish air strikes target villages in Rawanduz and Qandil in Iraqi Kurdistan.
Russian Foreign Ministry: Russia bans entry to Radakin, head of defense staff of UK armed forces who oversees training of Ukrainian military on UK territory.
Iranian Space Agency spokesperson told Al Mayadeen: The Revolutionary Guards Air Forces successfully launched the Noor 3 satellite into space.

European Peace Facility soon to exhaust its funds due to Ukraine aid

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Jul 2023 09:21
  • 1 Shares
  • x

The agency was founded in March 2021 as part of the Common Foreign and Security Policy framework to strengthen the EU's role as a global security provider. 

  • European Peace Facility soon to exhaust its funds due to Ukraine aid
    A Ukrainian serviceman of the 10th Assault Brigade Edelweiss fires a D-30 cannon at the front line, near Bakhmut, Donetsk region, Wednesday, July 5, 2023 (AP Photo/Libkos, File)

A report by Politico revealed on Tuesday that the European Peace Facility (EPF) is facing the risk of exhausting all its funding due to the high level of EU assistance for Ukraine.

"Our level of support to Ukraine in the military is now so high, that money allocated to the European Peace Facility for Ukraine will be soon exhausted," an official source was quoted as saying by Politico.  

Read more: EPF pays $475mln to EU states for cost of Ukraine ammunition supplies

The agency was founded in March 2021 as part of the Common Foreign and Security Policy framework to strengthen the EU's role as a global security provider. 

The EPF's budget for the 2021-2027 period amounts to 5.69 billion euros.  

Last year, EU member states convened on resorting to the EPF to partially fund military assistance to Ukraine. 

In December 2022, funding for the agency was increased by 2 billion euros.

Last month, the Council of the European Union agreed to increase the agency's overall financial ceiling with an additional 3.5 billion euros.

Read more: Musk demands public overview of how Kiev spends US aid

  • European Peace Facility (EPF)
  • Ukraine
  • European Union

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Ukrainian soldiers ride an APC on the front line near Bakhmut, in the Donetsk region, on June 5, 2023 (AP)

US sees Ukrainian army demoralized, no chance to win: Seymour Hersh

  • Europe
  • 21 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
How Zelensky is alienating Kiev's allies
Europe

'Active animosity': How Zelensky's faux pas are alienating Kiev allies

Solomon Islands
Asia Pacific

Solomon Islands PM says missed Biden summit to avoid 'lecture'

Sacred Ethiopian tablet looted by British troops repatriated to church
Europe

Sacred Ethiopian tablet looted by British troops repatriated to church

An undated photo of a tank with mounted howitzers (Panzerhaubitze 2000) of the German armed forces Bundeswehr
Europe

Ukraine became a testing field of weapons for arm manufacturers: WSJ

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS