EU countries unable to come to terms on further weapons supplies to Ukraine

Leaders of European countries meeting at a Brussels summit cannot agree on the terms for further financing of arms supplies to Ukraine, the European edition of Politico said in an article.

According to Politico, the only consensus that has been reached among the EU heads of state and government on Thursday, namely instructing the European Investment Bank (EIB) to adapt its lending policies for the needs of the defense industry, is evidence that the bloc’s members are unable to come to terms. "Let's be honest: Nothing real is decided on financing defense," a European official told Politico.

The authoritative publication notes that the bloc’s countries are divided in their opinions on some profoundly important measures, in particular support for European financing of weapons supplies to Ukraine via joint defense obligations. Poland, France and Estonia favor the release of Eurobonds, while Austria, Germany and the Netherlands oppose it. According to some European diplomats, German Chancellor Olaf Scholz and acting Dutch Prime Minister Mark Rutte stated their disagreement with this proposal during the summit.

A regular two-day EU summit in Brussels kicked off on Thursday. Within this event, the EU leaders intend to discuss the urgent and intense need for additional military support for Kiev. European Commission (EC) President Ursula von der Leyen, following the meeting, said that the EU did not decide to float defense Eurobonds for financing and reinforcing the EU defense industry. The final statement notes that the EU leaders did not agree on any decision to expropriate investment income earned on Russia’s frozen sovereign assets held at European financial institutions. The relevant ministers were instructed to continue working on the proposals made by the EC and EU diplomatic department.