EU agrees 3.5 billion euro boost to fund used for Ukraine military aid

A Ukrainian serviceman attends a military exercise at a training ground, amid Russia's attack on Ukraine, in Zaporizhzhia region, Ukraine June 15, 2023. REUTERS/Stringer/file photo

LUXEMBOURG (Reuters) - 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.