EU disburses 3.9 billion euros to Ukraine for drone procurement under support loan
By
Martin Fornusek
8d ago· 2 min readenNews
Summary
The EU is disbursing 3.9 billion euros ($4.5 billion) to Ukraine for drone procurement as part of a larger 90-billion-euro ($103 billion) Ukraine Support Loan approved in April. This payment is the first tranche of 6 billion euros dedicated specifically to drone purchases, aimed at helping Ukraine resist Russian aggression. The announcement was made by the European Commission on June 30.
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Key quotes
· 3 pulledThe EU is disbursing 3.9 billion euros ($4.5 billion) for drone procurement for Ukraine to help the country resist Russian aggression
The payment is part of the initial 6-billion-euro ($7-billion) tranche dedicated to drone procurement under the 90-billion-euro ($103 billion) Ukraine Support Loan.
The loan, approved in April, is a m
The payment is part of the initial 6-billion-euro ($7-billion) tranche dedicated to drone procurement under the 90-billion-euro ($103 billion) Ukraine Support Loan.
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