EU allows members to spend Covid cash on arming Kiev – Politico

By RT International

 

The European Commission will now allow member states to redirect pandemic recovery funds they have struggled to claim for use in bloc-wide security and defense initiatives – with significantly less oversight and fewer bureaucratic hurdles.

The EU established the €650 billion ($740 billion) Recovery and Resilience Facility (RRF) in 2021 to support green energy and growth-oriented projects in the wake of the Covid-19 pandemic. However, to receive the funds, member states must prove their projects meet specific benchmarks.

Roughly half of the fund remains unspent, with the Commission’s communique on Wednesday warning that the deadline to “provide evidence” is looming in September 2026…

READ FULL ARTICLE HERE… (rt.com)

 

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