EU to let Ukraine buy British weapons with €60 billion loan

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After months of talks, the EU is close to an agreement with the UK that would let Ukraine use the €60 billion military portion of a €90 billion loan to buy weapons from British companies, sources said. The deal, reportedly to be announced as soon as next week at a Paris meeting of Coalition of the Willing countries, would require the UK government to make a financial contribution tied to each contract’s value and interest costs. Officials described the move as a conciliatory alternative after failure to secure UK access to the EU’s €150 billion SAFE defence fund, and member states said it will ease procurement and industry integration.

Ukraine can use €60 billion to buy British military equipment.