EU countries on Monday agreed to increase the maximum size of a fund used to finance military aid for Ukraine by 3.5 billion euros ($3.8 billion), raising its ceiling to over 12 billion euros.
EU sources last week said the bloc's top diplomat, Josep Borrell, had asked governments to raise the financial ceiling on the European Peace Facility (EPF), which has already allocated some 4.6 billion euros in military aid for Ukraine.
The EPF, established in 2021, is an off-budget instrument that enhances the EU's ability to act as a global security provider.
(With input from Reuters)