BERLIN, June 24 (Reuters) - The European Investment Bank (EIB) intends to ramp up its investments in European defence such as drones, satellites and cyber security, aiming to inject a further 6 billion euros ($6.4 billion) into the sector, its head told Reuters.
EU top cop launches bombshell corruption probe into former European Investment Bank chief
The European Investment Bank plans to increase its investment in defense
MONDAY, JUNE 24, 2024, 19:59 -
The European Investment Bank (EIB) intends to increase its investment in European defense, intending to inject another 6 billion euros into the sector.
About this in an interview Reuters said EIB President Nadia Calvigno, conveying "European truth".
According to her, it is necessary to strengthen the European security and defense industry.
"We have allocated 8 billion euros for investment in this area, of which only 2 billion have been invested,"
About this in an interview Reuters said EIB President Nadia Calvigno, conveying "European truth".
According to her, it is necessary to strengthen the European security and defense industry.
"We have allocated 8 billion euros for investment in this area, of which only 2 billion have been invested,"
– said Calvinho.
She said a special team had been set up to invest. "We have set up a special office to accelerate the development of the allocated 6 billion euros," she said.
"We are actively cooperating with European industry, so we should expect a number of facilities to be developed in the second half of the year," Calvigno said, highlighting border security, military mobility, demining and military hospitals.
"We are actively cooperating with European industry, so we should expect a number of facilities to be developed in the second half of the year," Calvigno said, highlighting border security, military mobility, demining and military hospitals.
The EIB, which supports the countries of the region, has a great financial impact, although it is cautious about supporting defense. He supported a satellite facility in Poland and a German drone manufacturer, but stayed away from ammunition.
The EIB has recently changed the rules underlying its activities, allowing it to lend or indirectly invest in defense companies.
Tim Lawrence of the International Institute for Strategic Studies believes the move is symbolically important and will signal to other banks, which often take the example of the EIB, that support for defense companies is acceptable.
"Any European tank consists of thousands of parts made by hundreds of small defense companies across Europe. These companies tried their best to get loans and benefit the most from it,
"Of course, 8 billion euros – is 476 billion dollars compared to European defense spending in 2024, and even more so with US spending of $ 968 billion",
– said the expert.
- It will be recalled that the Minister of Foreign Affairs of Ukraine Dmitry Kuleba spoke at a meeting of the heads of the Ministry of Foreign Affairs of the EU member states at the invitation of the top diplomat of the EU Josep Borrel and stated the need accelerate military assistance.
- It also became known that EU countries on Monday approved the first tranche of up to 1.4 billion euros for military aid to Ukraine, which will come from revenues from frozen Russian assets.
Join our channel in Telegram!
No comments:
Post a Comment