The European Union launched a 10.5-billion euro ($12.4-billion) "peace facility" to buy military equipment and conduct peace-keeping operations in Africa and elsewhere in the world.
The EU plans to pay for military equipment, including lethal weaponry, for partner countries in crisis zones such as Africa's Sahel region.
The new EPF is being kept separate from the main EU budget to deal with the rules against funding military projects.
The EU’s diplomatic chief Federica Mogherini said, the EPF, which needs approval by the bloc’s entire member countries would help stabilise restive nations like Mali, Somalia and Central African Republic.
"The world is living in difficult times and this calls for a European Union responsibility and role on the global scene," Mogherini said.
The proposal, made by the European Commission, the bloc's powerful executive arm, would see partner countries given "comprehensive support", which officials said could include weapons. Decisions about what to spend EPF money on would be taken by member states themselves, through the European Council.
The 28-member European Union spent €200 billion ($222 billion) on defence in 2016, the same figure as in 2015, Eurostat announced Friday. The EU, most of whose members share NATO membership with the United States are under pressure from Washington to increase military spending and buy more American arms
The first full scale model of the European Medium-Altitude Long-Endurance Remotely Piloted Aircraft (MALE RPAS) was unveiled today during a ceremony held at the 2018 ILA Berlin Air Show, at Schönefeld airport. First unmanned aerial system designed for flight in non-segregated airspace, its characteristics will include mission modularity for operational superiority in intelligence, surveillance and reconnaissance, both wide area and in-theatre, Dassault said in a statement Wednesday
Leonardo announced today the signature of the grant agreement for OCEAN2020, a project related to the initiative to boost Europe's defence research under the European Defence Fund. "OCEAN2020 will make it possible to promote technological research in a sector of great interest and relevance for Europe and for the Mediterranean area in particular, such as maritime safety,” said Alessandro Profumo, CEO of Leonardo
The European Union defense pact, known as Permanent Structured Cooperation (PESCO), has identified 17 defense projects to be undertaken by the 25 participating EU states starting next year. European Union member states on Monday kick-started the establishment of a defense union, after the European Council approved the new European defense and security cooperation network, at a meeting in Brussels, an EU press release said
Nine European Union (EU) member states will sign a formal agreement to create a joint military intervention force on June 25. According to a report by AFP, Frances Defense Minister Florence Parly told the French newspaper Figaro that her country, Germany, Belgium, Britain, Denmark, the Netherlands, Estonia, Spain and Portugal are to sign a letter of intent to formalize European Intervention Initiative, designed to deploy and coordinate forces rapidly to deal with crises around the world
Boeing to Manufacture 18 P-8A Poseidon Jets for S Korea, New ...
S.Korean F-16 Jets to receive Identification Friend or Foe & Link 16
US-Israel Conduct Exercise with One Another's F-35 Jets
Lockheed Supports US Space Force's GPS Military Security Upgrade
Chinese Military Docs Develop Novel Coronavirus (COVID-19) Vaccine
China Replaces Russian Engine in J-10C Jet With Locally-made WS-10 Taihang
Syria Destroys 6 Turkish Combat Drones, Turkish F-16s Down 2 Syrian Su-24
Russia’s Buk-M3 Air Defense System to Debut at Victory Day Parade
After laying to rest its pacifist post-World War II posture since the government of Prime Minister Shinzo Abe came to...
China is pulling off the impossible- selling arms to nations it is in conflict with over its claim in the...
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...