European Union governments have agreed on a 1.5 billion-euro scheme to fund defence investments, though some countries said its "buy European" rules are too restrictive, diplomats said on Wednesday.
The European Defence Industrial Programme (EDIP) is part of a broader effort to re-arm the bloc following the conflict between Russia and Ukraine.
Under the deal, at least 65% of component costs for funded items must originate in the EU or associated countries. France had pushed for stricter rules, while others, including the Netherlands, sought more flexibility to buy from the U.S., UK and other allies.
Ambassadors from the EU’s 27 countries are expected to formally approve the deal on Monday, before negotiations with the European Parliament.
A group of 10 countries - including the Netherlands and Baltic states - argued the rules should better reflect the urgent need to boost European defences, given the industry's current reliance on key foreign components.
Despite concerns, they said they would not block progress on the plan, which could receive more funding in future.
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The Minister of Finance of Tajikistan, Faiziddin Kahhorzoda, and the Director General of the Qatar Development Fund, Fahad Hamad Al-Sulaiti, have sign...
On Monday, Russia claimed its forces had carried out extensive strikes on Ukrainian drone bases and other military targets over the past 24 hours, whi...
Data from the European Forest Fire Information System (EFFIS), part of the Copernicus European Environmental Monitoring Programme, shows that 411,315 hectares of forest and rural land have burned in Spain so far this year — roughly ten times more than the 42,615 hectares affected in 2024.
Venezuelan President Nicolás Maduro has ordered a reinforcement of the “Relámpago del Catatumbo” operation, extending it to Tachira state under Peace Zone One.
North Korea has criticised the joint military exercises between the US and South Korea, with state media reporting that the drills demonstrate Washington’s intent to “occupy” the Korean peninsula and target its regional adversaries.
The Minister of Finance of Tajikistan, Faiziddin Kahhorzoda, and the Director General of the Qatar Development Fund, Fahad Hamad Al-Sulaiti, have signed an agreement to provide a $50 million concessionary loan to support the construction of the Rogun Hydropower Plant.
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A major fire has broken out at Hamburg’s city port, leaving several people injured.
Data from the European Forest Fire Information System (EFFIS), part of the Copernicus European Environmental Monitoring Programme, shows that 411,315 hectares of forest and rural land have burned in Spain so far this year — roughly ten times more than the 42,615 hectares affected in 2024.
Venezuelan President Nicolás Maduro has ordered a reinforcement of the “Relámpago del Catatumbo” operation, extending it to Tachira state under Peace Zone One.
North Korea has criticised the joint military exercises between the US and South Korea, with state media reporting that the drills demonstrate Washington’s intent to “occupy” the Korean peninsula and target its regional adversaries.
On Monday, Russia claimed its forces had carried out extensive strikes on Ukrainian drone bases and other military targets over the past 24 hours, while Ukraine reported having destroyed a significant amount of Russian military hardware.
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