EU Nears Agreement On €1.5 Billion Defense Fund.

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European Union member states are nearing agreement on a €1.5 billion defense fund to strengthen the bloc’s defense industry and support Ukraine over three years. The European Defence Investment Program (EDIP) is expected to be finalized by year-end, enabling military purchases with up to 35% of components from outside the EU. This approach balances the goal of bolstering Europe’s defense sector with the urgent need for ready-made equipment for Ukraine. The EU is also identifying flagship projects of common interest, such as air and missile defense, to benefit from EDIP funding. This initiative reflects the EU’s dual focus on immediate defense needs and long-term industry growth.

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