This audio is created with AI assistanceThe EU is preparing a new plan that would allocate $22 billion in military support for Ukraine, the Wall Street Journal (WSJ) reported on Jan. 21, citing internal EU documents. Under the current EU tool used for channeling military support to Ukraine, the European Peace Facility (EPF), member states receive reimbursement for weapons they send to Ukraine, with the decisions to allocate and disburse funds requiring unanimous support. Ukraine has not received funds from the EPF for six months as a result, although individual member states have pledged military aid in the interim period. The new proposal would seek to approach the deadlock with a plan to disburse the $22 billion back to EU member states over the next four years in compensation for funds they have spent on military aid for Ukraine. The bulk of the funds would go toward compensation to member states, valued at around 7.5 billion euros per year ($8.1 billion).

Source: Wall Street Journal January 22, 2024 11:28 UTC