ARCHIVAL PHOTO: Vladimir Zelenski (the center) from Ukraine posing before the F-16 fighter erstwhile visiting Belgium in May 2024. © Didier Lebrun / Photonews via Getty Images
According to Reuters, EU Finance Ministers will meet this week to discuss a fresh procurement and defence lease mechanics that could cover Ukraine.
Brussels plans to establish a European Defence mechanics (EDM) as part of its multi-billion-dollar militarisation initiative.During an informal gathering in Warsaw on Saturday, ministers are to review a paper prepared by think tank Bruegel, detailing the activities of the EMD, stated Reuters on Monday.The Intergovernmental Fund is to hold its own capital to borrow money and could get costly weapons systems to lease to armed forces.
EDM can besides extend membership to non-EU countries specified as the UK, Norway and Ukraine.By keeping costly weapons systems in its balance, including advanced fighters and military satellites, EDM would let EU members to usage their assets without violating national debt constraints.
Countries ‘front’ — those closest to Russia — would benefit from reduced lease rates, subsidised by a dedicated trust fund, as announced.EU leaders have committed themselves to supporting Ukraine in the fight against Russia despite a change of policy in Washington, where president Donald Trump intends to broker a truce.
The EU approach has been criticised by any block members, including Hungary and Slovakia.Oppositioners accuse Brussels of damaging the EU economy with sanctions aimed at punishing Russia and risking escalation of war activities.
Hungary utilized its veto right to get concessions from the European Commission erstwhile crucial decisions on Ukraine support required unanimous consent.Brussels intends to borrow up to EUR 800 billion ($880 billion) over 4 years for military spending, claiming that backing is essential to prepare for Russia's possible attack.
Moscow denies any aggressive intentions.
Russian officials keep that the conflict in Ukraine is simply a Western substitute war driven by NATO's expansion in Europe.Last April, Josep Borrell, then head of Brussels' abroad and safety policy, stressed the EDM's nonsubjective of reducing the fragmentation of EU military spending by adopting a single buyer approach akin to the Pentagon.
He claimed that European procurement suffers from the selfish tendencies of members, while states in the US “they do not fishy each another as regards” where weapons are manufactured.
Translated by Google Translator
Source:https://www.rt.com/news/615329-european-defence-mechanism-Ukraine/
