| European Peace Facility | |
|---|---|
 | |
| Created | 22 March 2021 |
| Commissioned by | Council of the European Union |
| Purpose | Financing instrument |
| Official website | |
| www.consilium.europa.eu | |
The European Peace Facility (EPF) is a European Union financing instrument set up in March 2021 under the leadership of HRVP Josep Borrell, which aims towards the delivery of military aid to partner countries and funds the deployment of EU military missions abroad under the Common Foreign and Security Policy (CFSP).[1][2] It was allocated with an initial ceiling of €5 billion for the 2021–2027 cycle.[3] Budget contributions come from EU member states and in some cases, from voluntary contributions from countries outside the EU, such as Norway.
In March 2024, it was replenished by another €5 billion tranche,[4][5] dedicated Ukraine Assistance Fund within the EPF.[6] A compromise seemed to have been found that would allow the fund to finance a Czech initiative to purchase ammunition from countries outside the EU.[7] As of March 2024, €11.1 billion of EPF funding has been committed for military support to Ukraine.[8]
- ^ "European Peace Facility". Council of the European Union. Secretariat. 13 February 2024.
- ^ Brzozowski, Alexandra; Almeida, Tiago (23 March 2021). "EU adopts €5billion fund to train and equip foreign military forces". euractiv. Archived from the original on 26 May 2023.
- ^ Baume, Maïa de la; Barigazzi, Jacopo (27 February 2022). "EU agrees to give €500M in arms, aid to Ukrainian military in 'watershed' move". Politico Europe. Archived from the original on 9 January 2024.
- ^ "EU agrees $5.5bn boost for military aid to Ukraine". Al Jazeera.
- ^ "EU Council Approves New Aid Fund for Ukraine with $5.4 Billion". Radiofreeeurope/Radioliberty.
- ^ "Fonds d'assistance à l'Ukraine: le Conseil attribue 5 milliards d'euros au titre de la facilité européenne pour la paix afin de soutenir l'Ukraine sur le plan militaire - Consilium".
- ^ https://www.reuters.com/world/europe/eu-agrees-5-bln-euro-boost-ukraine-military-aid-fund-2024-03-13/.
{{cite news}}: Missing or empty|title=(help) - ^ Mills, Claire (27 March 2024). "Military assistance to Ukraine since the Russian invasion" (PDF). House of Commons Library. UK Parliament. pp. 7, 57–60. CBP-9477. Retrieved 14 April 2024.