Europe Asia News

European Commissioner for Defense and Space Andrius Kubilius expressed satisfaction with the strong interest shown by member states in SAFE loans.

He noted that up to €150 billion will be directed to the European defense industry, contributing to increased defense readiness. “This is a major step towards rapidly and decisively reaching our defense goals!” he said.

Minister Sybiha noted that this reflects a positive development through the activation of European defense funds via the new SAFE mechanism.

Congratulating Kubilius on his successful efforts, Sybiha added:

“Europe is progressing significantly in strengthening its defense industry, and Ukraine is a key element of this effort. This is a step in the right direction toward enhancing the continent’s self-sufficiency and stability. We also expect EU member states to use the SAFE funds to invest in Ukraine’s defense – a cost-effective investment in Europe’s long-term peace and security.”