Reported 3 days ago
Spain has proposed the establishment of a new defense fund aimed at using frozen Russian central bank assets to finance European defense projects and support Ukraine. Economy Minister Carlos Cuerpo emphasized the need for collective European investment in defense during a recent EU meeting, advocating for funding mechanisms that include non-refundable grants instead of just loans. The initiative, viewed as controversial by some member states, aims to enhance military preparedness amid rising threats from Russia.
Source: YAHOO