“The European Commission has approved the defense plans of Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland under SAFE, after which the Council of the EU has four weeks to make a final decision on the allocation of loans to strengthen combat readiness.”, — write: www.pravda.com.ua
Illustrative photo: Getty Images Source: “European truth” with reference to the official message European Commission
Details: The Commission has submitted a proposal for the consideration of the Council of the EU to provide funding to the following countries: Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland. Moreover, Poland’s plan provides for receiving almost 44 billion euros – the most among all the participating states of the program.
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After signing the loan agreements, these eight states will have access to financing in the amount of about 74 billion euros. These are preferential long-term loans intended for the strategic building of military potential.
The EU Council now has four weeks to officially decide on the implementation.
It is expected that after the finalization of the agreements, the first payments will reach the countries already in March 2026.
At the same time, Brussels continues to evaluate the plans of the rest of the EU member states, which will be included in the next waves of funding.
The SAFE Regulation was adopted on May 27, 2025 as part of the ambitious Readiness 2030 package. On January 15, the European Commission approved the applications the first group of EU countries to finance rearmament.