EU member states (at the level of ambassadors) have reached an agreement on the new funding tool ” Safe ‘, which will provide € 150 billion in funds in the form of loans for joint investment in European defense.

The Polish Presidency of the EU Council welcomed this agreement as a “great success” for our “main priority” safety, noting that the compromise was achieved after “difficult negotiations” that lasted two months. The final text of the Regulation will not be released before its final approval by the General Affairs Council to meet on May 27 in Brussels.

The SAFE financing tool will provide low -profile perennial loans of up to 150 billion euros, which will guarantee the EU budget. These loans will be intended for the joint funding of purchases and equipment in areas where European offering remains inadequate, such as the production of missile, Defense Systems etc.

These loans will be able to participate out of the EU, such as Norway and Ukraine, which have signed a partnership with a partnership of defense and security, as well as the UK, which signed a similar partnership agreement on May 19 in London or even candidate countries.

The proposal under approval of the regulation provides for the cost of the components produced by the European Defense Industry (established in the EU, in EEA/ESA or Ukraine) not less than 65% of the total cost of the final military equipment. The remaining percentage, up to 35%, may come from countries outside the EU, EEA/ESA or Ukraine countries.

It is noted that for Turkey’s involvement, as well as for all other countries’ candidates, a different type of agreement, which will be agreed by the Council, should be concluded.

“Safe” is part of a broader re -equipment of the European continent, the “Rearm Europe” presented by the European Commission in late March, which aims to mobilize up to 800 billion euros.