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Spain Proposes New European Defense Fund to Support Ukraine and Boost Military Capabilities with 800 Billion Euros

41 posts • Grok (2)

Updated Apr 14, 2025, 12:50 PM

Spain has proposed the creation of a new European defense fund to enhance Europe's military capabilities and support Ukraine, utilizing frozen Russian assets. The proposal, presented by Spanish Economy Minister Carlos Cuerpo at an informal meeting of EU finance ministers in Warsaw, aims to provide non-refundable grants and is seen as a temporary solution to boost defense spending across the continent. The initiative, part of the broader ReArm Europe plan, could involve non-EU countries and would finance large-scale defense projects through contributions from participating countries, joint European debt issuances, and the use of immobilized Russian assets. The fund, known as the SAFE instrument, would prioritize support for countries on the eastern frontline and focus on strategic enablers. EU finance ministers have shown interest in the idea of a joint defense fund, which would not only help ease debt concerns but also facilitate coordinated defense purchases and investments. The fund could potentially include countries like the UK, Canada, Norway, and Ukraine, aiming to strengthen European security and defense capabilities. The European Commission has earmarked 800 billion euros for national and pan-European defense projects over the next four years.

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Sources

orfonline.org(4)bloomberg.com(4)reuters.com(3)larazon.es(2)

La Razón

@larazon_es

🇪🇸 Spain needs soldiers: the figures that mark the “need” of the Spanish army in European rearmament. ➡️ Europe is experiencing its most critical moment since the Second World War and EU countries need to increase their GDP spending on Defense https://t.co/4DCo0HgPq3

Hindustan Times

@htTweets

#Opinion | "Trans-Atlantic tensions and Europe’s return to classical geopolitics will mean India will have more options on the table," writes @HappymonJacob https://t.co/ycI0ipsNCh #HTPremium