EU News
Ukraine to channel up to €1bn in EU loans into joint defence projects
Ukraine is set to move up to €1bn of its EU loan into the Ukraine Support Instrument to integrate its defence industry with its European partners. The move is part of a Defence Industrial Pact that should remove regulatory hurdles for industrial cooperation and to encourage member states to destock.
EU News
Brussels hopes its defence loans may help plug Ukraine’s budget hole
The European Commission has reopened €21.3bn in unspent SAFE defence loans, urging EU governments to use them for joint projects with Ukraine, which faces a €70bn budget gap. Brussels cannot force them, but hopes the joint procurement rules will steer some of the money to Kyiv.
Europe Today
Israel votes on Netanyahu's future as Orbán is floated for UN chief
Israelis vote today in their first election since 7 October, with Benjamin Netanyahu's future on the line. Washington is reportedly floating Viktor Orbán for UN secretary-general. And we interview EU Climate Commissioner Wopke Hoekstra to ask what Lula's re-election means for Europe.