---
title: "EU fund that bankrolls Ukraine arms to get 3.5 billion euro boost"
url: https://radiomoldova.md/p/15688/eu-fund-that-bankrolls-ukraine-arms-to-get-3-5-billion-euro-boost
published: 2023-06-26T12:42:18Z
language: en
author: "Bogdan Nigai"
section: "International"
source: radiomoldova.md
---

# EU fund that bankrolls Ukraine arms to get 3.5 billion euro boost

> European Union foreign ministers will approve a boost of 3.5 billion euros ($3.81 billion) to a military aid fund used to bankroll weapons and ammunition for Ukraine, officials said on Friday, Reuters reports.

European Union foreign ministers will approve a boost of 3.5 billion euros ($3.81 billion) to a military aid fund used to bankroll weapons and ammunition for Ukraine, officials said on Friday, Reuters reports.

![](https://storage.radiomoldova.md/images/c0dd1fab-5025-41fb-8192-e83592a7d55f.jpg)

The ministers are expected to raise the financial ceiling on the European Peace Facility (EPF) - a fund that has already allocated some 5.6 billion euros in military aid for Ukraine - at a meeting in Luxembourg on Monday.

The fund, established in 2021, was conceived for the EU to help developing countries buy military equipment. But the 27-member union quickly decided to use it also to get weapons to Ukraine after Russia's invasion in February last year.