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EU approves 6.6B euro aid for Ukraine
The European Union countries have agreed to release €6.6 billion from the European Peace Facility to support Ukraine. Of this amount, €900 million will be allocated for the military assistance mission, €1 billion for funding joint military equipment procurement operations, and €4.7 billion to compensate member states that have previously provided military support to Ukraine. The funds had been frozen due to disagreements among members, but they have now agreed to use them to support Ukraine’s defense through training and military equipment, under a financing mechanism outside the European Union budget.
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