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“Bad News for Russia”: EU Releases $7.53 Billion Ukraine Package
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EU member states have agreed on the terms to release about $7.53 billion in European Peace Facility funds for Ukraine, including roughly $1.14 billion earmarked for new joint equipment procurement.
The agreement was announced by Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy, in a post on X on September 25.
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Kallas outlined how the funds will be divided across three channels.
About $1.03 billion will support the EU's Military Assistance Mission for Ukraine, while $1.14 billion is set aside for new joint procurement of military equipment, she reported.
The remaining roughly $5.36 billion will reimburse member states for military assistance already supplied to Ukraine, with some governments already indicating they will channel their share to Kyiv, Kallas noted.
"That's good news for Ukraine and bad news for Russia," she declared.
The European Peace Facility is the EU's off-budget mechanism for funding military assistance to partner nations, including Ukraine.
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Kallas has led the bloc's foreign and security policy since 2024, after serving as Estonia's prime minister.
Kallas tied the release to Moscow's wider pressure campaign against European unity.
She described Russian hybrid attacks as an attempt to intimidate Europe into scaling back support for Ukraine, adding that Europe was doing the opposite instead.
The tranche now reaching final approval has taken more than two years to reach this stage.
Hungary's previous government used the EU's unanimity requirement to block disbursements from the European Peace Facility, leaving a backlog of more than $46.52 billion in unpaid reimbursement requests.
Hungary's new government lifted that block earlier this year, unlocking the same $7.68 billion tranche.
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