The EU foreign policy chief said the money would be used to buy heavy weapons.
The European Union has announced another 500 million euros ($520 million) package for Ukraine to buy heavy weapons to counter the bloc’s Russia. foreign minister said at the G7 meeting in Germany.
“us [EU] New payments of 500 million euros will be provided to support Ukraine’s military. The total revenue is about 2 billion euros,” Josep Borrell told reporters in Weissenhaus on Germany’s Baltic coast on Friday.
He added that the funds would be used to buy heavy weapons and bring the EU’s total financial support to Ukraine to 2 billion euros ($2.1 billion).
Senior diplomats from Germany, the UK, Canada, France, Italy, Japan and the US will also be in attendance.
They plan to seek more yard methods pressure on Russia Borrell said through economic sanctions, isolating Moscow internationally and combating disinformation spread by Russia.
When we say that Ukraine is fighting for us, it is not empty words.
In other words, the action is as follows: I propose to the Member States a fourth tranche of the European Peace Fund of 500 million euros to further support Ukraine’s defense.@G7https://t.co/GL0HtAi8A0 pic.twitter.com/foE6j0g4Ex
– Josep Borrell Fontelles (@JosepBorrellF) May 13, 2022
EU diplomats are also scheduled to hold talks on Monday over a possible embargo on Russian oil.
Hungary resisted the move because of its heavy reliance on Russian imports, but Borrell expressed optimism about a deal.
Hungary believes the ban will damage its economy and will only agree to any sanctions if it imports crude from Russia via pipeline exempted from sanctions.
“I believe we’ll get a deal — we need this deal, and we’ll get it. Because we have to get rid of Russia’s oil dependence,” Borrell said.
“If there is no agreement at the ambassadorial level, when ministers meet at the Foreign Affairs Committee on Monday, they have to provide political momentum. I will be very mindful of that.”
Ukrainian Foreign Minister Dmitro Kuleba and neighboring Moldovan Foreign Minister Niku Popescu were invited to attend the meeting as guests.
France, meanwhile, said the G7 was committed to helping Ukraine win the war against Russia.
French Foreign Minister Jean-Yves Le Drian said the G7 countries were “very firmly united” to “continue to support Ukraine’s struggle for sovereignty over a long period of time until Ukraine wins”.
British Foreign Secretary Liz Truss said it was “very important” to continue the pressure on Russian President Vladimir Putin by supplying Ukraine with more arms and increased sanctions.
“G7 solidarity is crucial in this crisis,” she added.
Around 3,500 police officers were deployed to provide security at the event site northeast of Hamburg.