L’UE adotta formalmente un piano di difesa da 170 miliardi di dollari in mezzo alla guerra della Russia contro l’Ucraina

From the article: The EU formally adopted a 150-billion-euro ($170 billion) defense loan instrument amid Russia’s war against Ukraine, the Council of the EU announced on May 27.

The EU reached an agreement to launch the $170 billion common defense fund on May 21 as Europe faces an increasingly challenging security environment. Russia continues to wage its war against Ukraine, and Europe is growing uncertain of U.S. security commitments to the continent.

The Security Action For Europe (SAFE) initiative will offer $170 billion in loans without counting towards EU fiscal spending limits.

SAFE is an EU loan instrument meant to prop up the continent’s defense industry by financing weapons procurement to eligible countries. It also aims to “boost production capacity, making sure defense equipment is available when needed, and to address existing capability gaps,” the Council of the EU said in a statement.

“This is an unprecedented instrument which will boost our defense capabilities and support our defense industry. The more we invest in our security and defense, the better we deter those who wish us harm,” said Adam Szlapka, Poland’s European affairs minister.