“It is noted that SAFE will finance urgent and large -scale investments in European defense technological and industrial base”, – WRITE: www.radiosvoboda.org
According to the press service of the European Institution, today the regulations on the creation of a tool for “SAFE” (SAFE) are a new financial instrument that will support those Member States who want to invest in the production of defense industry through joint purchases, focusing on priority opportunities.
In addition, SAFE will allow the EU to provide further support to Ukraine by attracting its defense industry to the tool from the beginning.
“We have adopted the first large -scale investment program at the EU level worth 150 billion euros. It is a success not only of the presidency, but also the EU as a whole. It is an unprecedented tool that will strengthen our defense capabilities and support our defense industry. The more we invest in our safety and defense, the better we hold back those who wish us harm, ”said the Minister of Poland for the European Union, Adam Shlaka.
Thanks to SAFE, the EU will provide up to 150 billion euros, which will be paid to interested Member States on demand and on the basis of national plans. Payments will be made in the form of competitive long-term loans, which should be redeemed with member states.