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EU Provides Ukraine €3.3 Billion for Missiles and Drones
Vera
By Vera
Markets Editor
The European CommissionThe European Commission is the European Union's executive institution. Among other responsibilities, it proposes legislation, implements EU policies, manages programs, and...Read More said it would disburse €3.3 billion to Ukraine on September 18 for defence procurement, including drones and missiles, under the €90 billion Ukraine SupportSupport is a price area where a decline has previously met enough buying interest or reduced selling pressure to slow, stop, or reverse downward movement. It is best treated as...Read More Loan. The payment is the fourth under the loan's defence component and brings CommissionDefinition   A commission is an explicit fee charged for carrying out or arranging a transaction. It is separate from the bid-ask spread, although a broker's over...Read More disbursements to Ukraine this year to nearly €15 billion across defence and broader support. Ukrainian Prime Minister Sergii Koretskyi separately confirmed receipt of the €3.3 billion tranche, according to Reuters. The funding comes as Russia's war continues to drive European defence and security spending.
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