**EU Unveils €150 Billion Loan Program to Support Ukraine and Joint Procurement**
The European Union has taken a significant step in strengthening military support for Ukraine by finalizing a massive loan program worth €150 billion. This move is part of the Security Action for Europe (SAFE) scheme, which aims to enhance joint procurement among member states.
**A Significant Breakthrough in European Defense**
According to Andrius Kubilius, the EU’s first defense commissioner and former prime minister of Lithuania, this initiative represents a “very important breakthrough” in European defense. He expects a wide range of participation from member states, who will use these loans to support joint procurement efforts with Ukraine.
**A Boost for Military Support**
The €150 billion loan program is a significant increase in the EU’s military aid to Ukraine. In early 2025, the EU had already provided €62 billion in military aid and €70 billion in humanitarian and financial assistance. This compares favorably to the US contribution of €64 billion in military and €50 billion in non-military aid.
**A Step Towards Greater Cooperation**
The SAFE scheme is designed to promote greater cooperation among EU member states on defense matters. By facilitating joint procurement, the EU aims to reduce costs and increase efficiency in acquiring military equipment. This move also underscores the EU’s commitment to supporting Ukraine in its ongoing conflict with Russia.
**What’s Next?**
As the EU moves forward with this loan program, it will be interesting to see how member states respond. Will there be widespread participation, or will some countries remain hesitant to engage in joint procurement efforts? The SAFE scheme has the potential to bring about significant changes in European defense cooperation. As Andrius Kubilius pointed out, this is a “very important breakthrough” – and it remains to be seen how far-reaching its impact will be.
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