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BRUSSELS (AP) — The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday. The move comes as Ukraine runs dangerously low on munitions, and U.S. efforts to get new funds for weapons have stalled in Congress. A small group of member countries, notably Hungary, refuse to supply weapons to Ukraine, so these windfall profits would be divided up. The European Central Bank, or ECB, has warned in the past against seizing Russian assets as this could undermine confidence in the euro currency and EU markets. But Borrell said that no assets would be taken, only the windfall profits they make.

Persons: Josep Borrell, “, ” Borrell, Borrell, Alexander De Croo Organizations: Ukraine, EU, European, Parliament, European Central Bank, ECB, Belgian Locations: BRUSSELS, Europe, Brussels, Ukraine, U.S, Russian, Belgium, Hungary, russia, ukraine

☆ EU Leaders to Pledge Continued Military Support to Ukraine at Summit - Draft Text
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

BRUSSELS (Reuters) - European Union leaders will restate their determination to continue to provide "timely, predictable and sustainable military support" to Ukraine at a summit on Thursday, according to draft conclusions of the meeting. "The European Council also reiterates the urgent need to accelerate the delivery of ammunition and missiles," the draft text, seen by Reuters, also says. The draft summit conclusions leave open whether the leaders will also pledge to put another 5 billion euros for Ukraine aid into a fund called the European Peace Facility, which has been used to bankroll donations of weapons to Kyiv. EU members have been wrangling for months over the future of the fund's role in military aid to Ukraine, with Germany suggesting the focus should now be on bilateral aid from individual EU countries. The idea of pledging a further 5 billion euros is included in the draft text in square brackets - indicating it is still a matter of discussion.

Persons: Andrew Gray Organizations: Union, European, Reuters, Peace, EU, GV De Locations: BRUSSELS, Ukraine, Kyiv, Germany, Brussels, Hungary

Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via REUTERS/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine is meeting resistance from EU countries and may not survive in its current form, diplomats say. The debate over military aid comes as EU nations are also in discussions over a proposal to give Ukraine 50 billion euros in economic assistance. The EU is also facing challenges over other aspects of its military aid to Ukraine. SECURITY PACKAGESEU governments have stressed that long-term EU military aid must be coordinated with security packages that individual EU countries are negotiating with Kyiv, making it hard to settle on a price tag while those talks are ongoing. Some EU members have also argued they will struggle to make a big long-term pledge as domestic budgets are squeezed.

Persons: Nuzhnenko, Josep Borrell, I'm, Olaf Scholz, David Evans Organizations: Radio Free, Radio Liberty, REUTERS, Rights, Germany, EU, Peace Facility, Ukraine, Facility, Kyiv, Krisztina, Thomson Locations: Avdiivka, Ukraine, Donetsk region, Radio Free Europe, Rights BRUSSELS, Brussels, Russia, EU, Germany, Kyiv, Hungary, OTP

BRUSSELS, Sept 29 (Reuters) - Seven EU countries have ordered ammunition under a landmark European Union procurement scheme to get urgently needed artillery shells to Ukraine and replenish depleted Western stocks, according to the EU agency in charge. The scheme was set up as part of a plan worth at least 2 billion euros, launched in March with the aim of getting a million shells and missiles to Ukraine within a year. "Seven Member States have already placed orders for 155mm ammunition through the EDA’s fast-track procedure," the agency said in response to questions from Reuters. NATO Secretary General Jens Stoltenberg said in Kyiv on Thursday that the alliance now had overarching framework contracts for 2.4 billion euros' ($2.5 billion) worth of key ammunition, including 1 billion euros of firm orders. The EDA said the EU deals were for both complete shells and for components such as fuses, projectiles, charges and primers.

Persons: Jens Stoltenberg, France’s CAESAR, Poland’s, Germany’s, Andrew Gray Organizations: EU, European Union, European Defence Agency, States, Reuters, NATO, Peace, Andrew Gray Our, Thomson Locations: BRUSSELS, Ukraine, EU, Lithuania, Luxembourg, Kyiv, Europe, Ukrainian

BRUSSELS, July 19 (Reuters) - European Union foreign ministers are expected to discuss a proposal on Thursday to spend up to 20 billion euros ($22.4 billion) on weapons, ammunition and other military aid for Ukraine over four years. The fund has already allocated more than 5 billion euros in support for Ukraine since February last year. An EU official said the aim was to provide more military aid to Ukraine "on a more predictable and sustainable basis". The Peace Facility is used to reimburse EU countries for at least part of the cost of weapons, ammunition and other military aid they give to nations outside the bloc. Diplomats said they expect EU governments to consider the plan alongside a proposal from the European Commission, the bloc's executive, to provide 50 billion euros in economic aid to Ukraine over the same four-year period.

Persons: Josep Borrell, Borrell, Andrew Gray, Jan Strupczewski, Daniel Wallis Organizations: Union, Kyiv, NATO, Peace, Ukraine, EU, Ukraine Defence Fund, Diplomats, European Commission, Thomson Locations: BRUSSELS, Ukraine, Vilnius, EU, Kyiv, Spain

At a summit in Brussels, the leaders restated their condemnation of Russia's war against Ukraine and said the EU and its member countries "stand ready" to contribute to commitments that would help Ukraine defend itself in the long term. In a text summarising the conclusions of the summit, the leaders said they would swiftly consider the form these commitments would take. Ukraine needs our commitment to continue ensuring their security during the war and after the war," he added. The final text said the EU would contribute "together with partners" and "in full respect of the security and defence policy of certain Member States". Ukraine has argued the best way to assure its own security and that of Europe is for it to join NATO.

Persons: Volodymyr Zelenskiy, Josep Borrell, Borrell, Zelenskiy, Wagner, Bart Meier, Marine Strauss, Sabine Siebold, Cynthia Osterman Organizations: Union, Russia, EU, European Peace Facility, Ukrainian Defence Fund, European Union, NATO, Kyiv, Thomson Locations: BRUSSELS, Brussels, Ukraine, France, Baltic, U.S, States, United States, Britain, Germany, Europe, Russia

BRUSSELS, June 29 (Reuters) - European Union leaders will on Thursday debate the repercussions of the aborted mutiny in Russia as they pledge further support for Ukraine in its war against Moscow's invasion. Like several other EU leaders, Kallas said the mutiny showed cracks appearing in Russia's leadership. She said she had seen different views on how the mutiny could affect the Ukraine war and the risk Russia poses to the West. The West should not be swayed and continue to support Ukraine and bolster its own defences, Kallas said. Charles Michel, the president of the European Council of EU leaders, struck a similar note.

Persons: Jens Stoltenberg, Kaja Kallas, Wagner, Kallas, Charles Michel, ”, John Irish, Julia Payne, Kate Abnett, Philip Blenkinsop, Jan Strupczewski, Cynthia Osterman Organizations: Union, Ukraine, NATO, Estonian, European Council, EU, Kyiv, Diplomats, Peace, Thomson Locations: BRUSSELS, Russia, Brussels, China, Ukraine, Western, France, United States, U.S, Britain, Germany, Vilnius, Lithuania, Kyiv

BRUSSELS, June 21 (Reuters) - European Union governments agreed on Wednesday to an 11th package of sanctions against Russia over its invasion of Ukraine, aimed at stopping other countries and companies from circumventing existing measures. The new package, tweeted by Sweden as EU president, forbids transit via Russia of an expanded list of goods and technology which might aid Russia's military or security sector. Names of such countries can be added to an annex of the EU sanctions regulation with unanimous agreement of all 27 members. The EU package extends the suspension of EU broadcasting licences of five Russian state-controlled media. Overnight, Ukraine removed the five Greek shipping firms from its list, securing the backing of Athens for the package.

Persons: Julia Payne, Sudip Kar, Gupta, Gabriela Baczynska, Jan Strupczewski, Brenda Goh, Philippa Fletcher Organizations: Union, Russia, United Arab, EU, Peace Facility, European Commission, Thomson Locations: BRUSSELS, Ukraine, Sweden, Russia, Armenia, Kazakhstan, Kyrgyzstan, United Arab Emirates, Turkey, China, Moscow, GREECE, HUNGARY, Hungary, Greece, Athens, Beijing, Hong Kong, Russian, Shanghai

BRUSSELS, May 17 (Reuters) - European Union foreign policy chief Josep Borrell has proposed adding 3.5 billion euros ($3.85 billion) to a fund used to finance military aid for Ukraine, EU sources said on Wednesday. It originally had a budget of 5 billion euros, meant to last until 2027. That ceiling has already been raised once, by 2 billion euros, last December. The fund allows EU countries that supply weapons and ammunition to Ukraine to claim back a portion of the cost. It was conceived for any conflict that the European Union could deal with."

☆ Hungary to block EU military aid fund for Ukraine unless Kyiv takes OTP bank off blacklist
▼ + stars: | 2023-05-17 | by ( Boldizsar Gyori | ) www.reuters.com time to read: +2 min

BUDAPEST, May 17 (Reuters) - Hungary will block the next tranche of European Union military support for Ukraine and any new sanctions package against Russia unless Kyiv removes Hungarian bank OTP (OTPB.BU) from its list of war sponsors, its foreign minister said on Wednesday. "We can't give it a green light as long as OTP remains blacklisted," said Hungarian Foreign Minister Peter Szijjarto. Hungary this week held up a proposal to allocate a further 500 million euros ($550.40 million) from an EU-run fund, the European Peace Facility, to military aid for Ukraine. "We'll talk to the Ukrainians and we'll talk to the (EU) member states, including Hungary," a senior EU official said on condition of anonymity. The EU has provided a total of about 3.6 billion euros ($4 billion) for military support for Ukraine so far under the European Peace Facility.

☆ Hungary blocks next tranche of EU off-budget military support for Ukraine
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

BUDAPEST, May 16 (Reuters) - Hungary did not approve the disbursement of the next tranche of military support for Ukraine provided under the EU's European Peace Facility (EPF), a government spokesman's office said on Tuesday. The EPF, created in 2021, is an off-budget instrument aimed at enhancing the EU's ability to prevent conflicts, build peace and strengthen international security. The EU has provided a total of about 3.6 billion euros for military support for Ukraine so far under the EPF. Hungary, which is member of the EU and also NATO, has refused to provide any military equipment to its neighbour Ukraine, which was invaded by Russian forces in February 2022. Hungary has also repeatedly criticised EU sanctions against Russia, which all 27 EU countries must also unanimously approve, but eventually supported all the agreed measures so far.

That will be discussed over lunch with Guterres before the U.N. secretary-general takes his leave and EU leaders get an update on the war from Ukrainian President Volodymyr Zelenskiy via video link, officials said. "We will, as always, reaffirm our unwavering commitment to assist Ukraine," declared Charles Michel, president of the European Council of EU leaders. Diplomats involved in preparing the summit of the 27 national EU leaders were sceptical of an imminent breakthrough. AMMUNITIONBeyond food security and sanctions, the leaders will also discuss bringing those responsible for the 13-month war to justice, as well as providing more military aid to Ukraine. "We will need to take measures to boost the manufacturing capacity of the European defence industry," Michel said in his letter inviting fellow EU leaders to the summit.

BRUSSELS, March 20 (Reuters) - European Union countries on Monday agreed a 2 billion euro plan to send 1 million artillery rounds to Ukraine over the next year by digging into their own stockpiles and teaming up to buy more shells. The joint procurement will be limited to companies from the EU and Norway, which has close economic ties to the bloc. Some EU governments wanted the initiative to be open to a broader market, arguing this would help get munitions more quickly to Ukraine. But others said EU money should go to EU companies and insisted they would have capacity to meet demand. German Defence Minister Boris Pistorius, whose country is taking part in the joint procurement initiative, described it as "new territory" for the EU.

[1/2] A Ukrainian serviceman rides inside a truck with artillery shells, amid Russia's attack on Ukraine, near a frontline in Zaporizhzhia region, Ukraine January 5, 2023. EU foreign ministers are expected to discuss the idea of joint procurement of 155-millimetre artillery shells – badly needed by Kyiv – at a meeting in Brussels on Monday. DEPLETED STOCKPILESA joint procurement effort would aim to replenish the stockpiles of Kyiv's allies, badly depleted after a year of supplying munitions to help Ukraine fight Russia's invasion. NATO Secretary-General Jens Stoltenberg said this week Ukraine was using up artillery shells faster than its allies could currently produce them. Diplomats and officials did not put a figure on how much the EU might spend on joint procurement.

[1/2] A Ukrainian serviceman rides inside a truck with artillery shells, amid Russia's attack on Ukraine, near a frontline in Zaporizhzhia region, Ukraine January 5, 2023. EU foreign ministers are expected to discuss the idea of joint procurement of 155-millimetre artillery shells – badly needed by Kyiv – at a meeting in Brussels on Monday. DEPLETED STOCKPILESA joint procurement effort would aim to replenish the stockpiles of Kyiv's allies, badly depleted after a year of supplying munitions to help Ukraine fight Russia's invasion. NATO Secretary-General Jens Stoltenberg said this week Ukraine was using up artillery shells faster than its allies could currently produce them. Diplomats and officials did not specify how much the EU might spend on joint procurement.

☆ EU foreign policy chief hopes bloc agrees next tranche of military aid to Ukraine
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Jan 23 (Reuters) - The European Union's foreign policy chief Josep Borrell said he hopes member states will approve another 500 million euro ($545.00 million) tranche in military aid for Ukraine during a foreign ministers' meeting on Monday. The ministers will also discuss using Russian assets frozen in Europe under sanctions - including 300 billion euros ($327 bln) worth of the Russian central bank reserves - and using the money to help rebuild Ukraine from the war. The foreign ministers are due to add more individuals to its Iran sanctions list over human rights abuses. Borrell said, however, that the bloc could not list Iran's Revolutionary Guards as a terrorist entity until an EU court has determined that they are. ($1 = 0.9174 euros)Writting by Tassilo Hummel, Gbariela Baczynska, Ingrid Melander, Bart Meijer, Philip BlenkinsopOur Standards: The Thomson Reuters Trust Principles.

The bloc's 27 foreign ministers are in New York for the annual gathering of world leaders at the United Nations. He said the ministers would discuss continuing military support for Ukraine and an eighth sanctions package on Russia. "It's clear Russia wants to destroy Ukraine," Borrell said. Wednesday's meeting should emphasize unity, move ahead quickly with a new sanctions package and use the European peace facility funding mechanism to ramp up weapons supplies to Ukraine, he said. Keeping unity among the 27 for a sanctions package may prove complex amid an energy supply crisis that has hit the bloc hard.

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