EU considers boosting Ukraine arms funding to 2 billion euros

Bloomberg

The European Union’s top diplomat, Josep Borrell, is pushing member states to boost the amount of Ukrainian military aid the bloc will finance by 500 million euros ($522 million) to 2 billion euros, according to people familiar with the discussions.
Member states have yet to agree to the proposal regarding the European Peace Facility, with Germany the main holdout at a meeting of EU political and security ambassadors, said the people, who asked not to be identified because the talks are private.
The European Peace Facility reimburses governments for military deliveries to Ukraine. A spokesperson for Borrell declined to comment.
Berlin isn’t against the proposal, but the government needs to go through the proper procedures, including parliamentary approval, and couldn’t immediately sign off on the new funding, a German official said. A small group of other nations, along with Germany, also indicated that a new tranche of money wasn’t urgent because reimbursements are paid out after weapons are delivered, the people said. The majority of member states support a quick decision and want an announcement to be made as early as next week, the people said.
Separately, a group of nations have also asked the EU’s foreign affairs service to provide more information on the impact of Ukraine’s share on the overall peace facility.
The proposal to release the new funds is expected to be on the agenda at a meeting of EU foreign ministers next week.