EU Commission President Ursula von der Leyen announced on Tuesday that new plans to strengthen Europe’s defence industry and enhance military capabilities could mobilise close to €800 billion (approximately $841.4 billion).
n her remarks, von der Leyen outlined proposals designed to provide member states with increased fiscal space for defence investments. Key elements of the plan include offering €150 billion in loans to support these investments and actively seeking to attract additional private capital to bolster defence projects across the bloc.
The initiative is part of a broader strategy aimed at reinforcing Europe’s strategic autonomy amid evolving global security challenges. By expanding financial support and leveraging both public and private funding, the EU intends to enable member states to modernise their military capabilities and reduce dependency on external sources for critical defence technology.
“Ensuring that our member states have the financial tools to invest in modernising their armed forces is essential for the security and stability of Europe,” von der Leyen said. The proposed measures are intended to accelerate defence projects and maintain a robust European defence industry capable of addressing emerging threats.
The proposal comes at a time when geopolitical tensions and an uncertain security landscape are prompting EU leaders to re-examine defence spending and strategic priorities. Further discussions and negotiations among member states and EU institutions will determine the specific mechanisms for mobilising the estimated €800 billion.
Kazakhstan has concluded its first election to the new unicameral Kurultai, with turnout reaching 74.19 per cent, as vote counting begins following...
The Democratic Republic of Congo is set to receive 70,000 doses of the Ebola vaccine Ervebo as health authoriti...
U.S. President Donald Trump has vowed...
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of August, covering the latest developments.
The Democratic Republic of Congo is set to receive 70,000 doses of the Ebola vaccine Ervebo as health authorities race to contain what has become the country's largest Ebola outbreak on record.
Kazakhstanis went to the polls on Sunday in a snap parliamentary election held under the country’s new constitutional system, which replaces the former two-chamber parliament with a single 145-seat legislature known as the Kurultai.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Syria expects negotiations with Israel over a security agreement to resume soon despite deep mistrust between the two sides, Syrian Foreign Minister Asaad al-Shaibani said in an interview with Reuters, urging Israel to seize an "historic opportunity" as the door for diplomacy is open.
India's Coast Guard and Navy continued search-and-rescue operations off the eastern coast on Sunday after a Panama-flagged cargo vessel carrying 24 crew sank, with two Chinese nationals rescued, a senior official said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment