![](https://eu4ukraine.eu/wp-admin/admin-ajax.php?action=kernel&p=image&src=%7B%22file%22%3A%22wp-content%2Fuploads%2F2023%2F06%2F2023-06-21t140336z_1669212669_rc2ln1abtbrf_rtrmadp_3_ukraine-crisis-east_credit-reuters-scaled-e1687770416204-4e4fca43.jpg%22%2C%22thumbnail%22%3A%228192%2C3072%2C%2Ccenter%2Ctop%22%7D&hash=9ac8dac6)
The Council of the European Union decided today to increase the overall financial ceiling of the European Peace Facility (EPF) by €3.5 billion, building on an earlier agreement from 20 March 2023.
This will ensure the EPF’s financial sustainability and send “a clear political signal of the EU’s enduring commitment to military support for Ukraine and other partners alike”, says a press release by the Council of the EU.
The EPF is an off-budget instrument. It started with an overall financial ceiling of €5.5 billion (in current prices) for the period 2021-2027, which was increased with a first top-up of €2 billion to almost €8 billion (in current prices) on 13 March 2023. With today’s top-up, the overall financial ceiling now totals more than €12 billion (in current prices).
Thanks to the EPF, the EU has been supporting the Ukrainian Armed Forces through seven successive support packages so far, as well as many other countries, such as Georgia and Moldova.
Find out more
News
-
EU to finance the construction of seven new houses in Lviv, Ukraine
-
Ukraine Energy Support Fund procures transformer to restore Odesa’s energy infrastructure
-
EU signs security commitments with Ukraine and disburses new €1.9 billion under the Ukraine Facility
-
EU opens accession negotiations with Ukraine
-
EU Foreign Affairs Council welcomes decision to use profits from immobilised Russian assets for Ukraine and issues warning for Georgia
-
Ukrainian refugees: EU extends temporary protection until March 2026