EU Foreign Affairs Council Approves Ukraine Assistance Fund (UAF): €5 Billion for Military Aid
The European Peace Facility (EPF) has emerged as a critical financial instrument for delivering EU military assistance to Ukraine following the unprovoked Russian aggression against the country (Bilquin, 2023).Conceived as part of the 2016 EU Global Strategy, the EPF was established by the Council on 22 March 2021 through Council Decision CFSP 2021/509. It substitutes and expands upon former financial instruments and it is tailored to provide quick responses to security crises (Council of European Union, 2021), funding both lethal and non-lethal military equipment and supplies (Council of the European Union, 2024).
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26 March 2024