Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home

    EU offers Ukraine unprecedented arms support package

    npsBy nps28 February 2022 No Comments4 Mins Read
    — Filed under: Defence EU News European Council Headline Russia Ukraine
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU offers Ukraine unprecedented arms support package

    Ursula von der Leyen – Photo © European Union 2022

    (BRUSSELS) – With the war in Ukraine raging, the European Union stepped up late Sunday evening with a EUR 450m package of lethal weapons and new sanctions to counter the brutal Russian aggression against Ukraine.

    Following the fourth foreign affairs Council in a week, EU ministers gave their support and political agreement to a package of support to the Ukrainian armed forces. They also agreed new sanctions, diplomatic engagements designed to isolate Russia, and measures to support Ukraine and the region, as well as measures to counter disinformation.

    The EU has moved speedily, and is looking for some decisions to be in place, agreed and with a Legal Act implementing them before Monday when the Central Banks restart work.

    The EU is to use its capacities to provide lethal arms and lethal assistance to the Ukrainian army for a value of EUR 450 million support package and also another EUR 50 million for non-lethal supplies such as fuel and protective equipment.

    “For the first time ever, the European Union will finance the purchase and delivery of weapons and other equipment to a country that is under attack,” said the European Commission’s president Ursula von der Leyen: “This is a watershed moment.”

    The EU is shutting down the EU’s airspace for Russians, with a proposal for the prohibition on all Russian-owned, Russian registered or Russian-controlled aircraft. Russian aircraft will no longer be able to land in, take off or overfly EU territory.

    This, says the EU, will apply to any plane owned, chartered or otherwise controlled by a Russian legal or natural person.

    “So let me be very clear” said Ms von der Leyen: “Our airspace will be closed to every Russian plane – and that includes the private jets of oligarchs. Second, in another unprecedented step, we will ban in the EU the Kremlin’s media machine. The state-owned Russia Today and Sputnik, as well as their subsidiaries will no longer be able to spread their lies to justify Putin’s war and to saw division in our Union.

    On sanctions, the EU has agreed to increase the number of people and entities that are going to be subject to restrictive measures. This includes Russian oligarchs and businessmen, whose listing carries huge economic impact, and political figures who hold key roles on Putin’s system in Russia – both the ones who disseminate propaganda and military. The full list is set to be finalised and published tomorrow.

    The EU has also announced that it is developing tools to ban ‘toxic and harmful disinformation in Europe’. Disinformation is becoming massive, it says, shifting to ‘full-fledged war propaganda’. The EU will ban ‘Russia Today’ and ‘Sputnik’ from broadcasting in the European Union – “because they are the champions of information manipulation”.

    Regarding Lukashenko’s regime, seen as complicit in the vicious attack against Ukraine, it will also be hit with a new package of sanctions against key sectors stopping Belarus’ exports of products from mineral fuels to tobacco, wood and timber, cement, iron and steel.

    Export restrictions introduced on dual-use goods for Russia will also extend to Belarus – to also avoid any risks of circumvention of the EU’s measures against Russia. Belarusians helping the Russian war effort will also be sanctioned.

    The measures come on top of the package presented yesterday, agreed by international partners.

    Under this package, EU ministers have reached an agreement to take out of SWIFT a certain number of Russian banks and impose restrictive measures that are aimed at paralysing the assets of the Russian Central Bank.

    About half of the financial reserves of the Russian Central Bank will be frozen. Because they are held in banks of the G7 countries, and this represents, more or less, half of the reserves of the Russian government. This will be frozen, and this is going to be affecting much of the financial system of Russia.

    The EU praises the leadership and bravery of Ukraine president Zelensky and “the resilience of the Ukrainian people are outstanding and impressive”, and “an inspiration to us all”.

    The EU adds that it will welcome with open arms those Ukrainians who have to flee from Russian bombs, and commits to support people affected by the conflict in need of humanitarian assistance, and trying to escape the war.

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EU approves EUR 300m for common defence procurement projects

    EU proposes e-declaration for the posting of workers

    EU calls on Apple to end geo-blocking on media services

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    EU artificial intelligence factories set for 2025

    Council agrees reform of EU VAT rules for the digital age

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok