19:43 07.02.2024

Borrell hopes for reset of European Peace Facility by end of month

2 min read
Borrell hopes for reset of European Peace Facility by end of month

High Representative of the European Union for Foreign and Security Policy Josep Borrell hopes to restart the European Peace Facility by the end of this month.

"And I hope also that, by the end of the month, we will be able to reset the European Peace Facility in order to continue supporting you. Not by destocking the previous military capacity that we had before the war but to create new capacity, new orders, creating synergy between your industry and our industry," Borrell said at a joint press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv.

In addition, he and Kuleba discussed frozen Russian assets. Borrell again said Russia must pay for the destruction of Ukraine in order to restore Ukraine.

"Russia has to pay to rebuild Ukraine, and these frozen assets have to contribute to it," he said.

Borrell said he would also continue the conversation with the Ukrainian Defense Minister about the supply of ammunition.

"And I want to put that clearly in your mind. Supply is donations plus exports. Do not consider only the figure of donations because apart from that, there is another important flow of ammunition coming to Ukraine, through direct contracts. I know that that is not enough. I know, and that is why we are increasing our capacities, we are rerouting this production to give priority to Ukraine. And I can only say these figures of the concrete commitments by the end of the year, but for that we have to increase the production capacity and to make everybody push in this direction. It is not so easy, but we are delivering, and we will deliver much more in the immediate future," he said.

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