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EU Plans €10 Billion Drone Initiative for Ukraine

The European Commission is preparing a major drone procurement initiative for Ukraine by using up to €10 billion in unspent funds from the EU’s SAFE defence financing instrument.

Brussels wants to redirect up to €10 billion in unused loans from the €150 billion SAFE (Security Action for Europe) programme to finance drone production for Ukraine

The initiative would fund the joint procurement of drones and related defence technologies, strengthening Ukraine’s domestic defence industry while accelerating military support

EU companies are expected to participate in production and supply chains, supporting the Union’s broader goal of expanding its defence-industrial base

The proposal reflects the EU’s increasing emphasis on long-term military assistance to Ukraine and closer integration between the European and Ukrainian defence sectors

Source: Euractiv

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