Ukraine signs EU security agreement which will ‘keep delivering weapons’ – London Business News | Londonlovesbusiness.com

On Thursday President Volodymyr Zelensky signed a security agreement with the EU in Brussels which was also signed by European Council President Charles Michel and European Commission President Ursula von der Leyen.

Ukraine will continues on their path to commit to reforms to the European Union, this includes defence, intelligence and security.

Kyiv will have to strengthen their transparency and accountability over the assistance that they will receive and commit to support the provision of non-lethal and lethal military equipment to Ukraine through the European Peace Facility, this also includes the Ukrainian Assistance Fund which will have a budget of €5 billion.

Further comparable annual increases could be envisaged until 2027, based on Ukrainian needs and subject to political guidance by the Council (of the European Union),” the deal reads.

A stronger cooperation with the Ukrainian defense industry will contribute to strengthening Ukraine’s ability to defend itself and will benefit the European defense industry’s capacity to support both member states’ and Ukrainian needs,” the statement added.

European Commission President Ursula von der Leyen says that within the framework of the security guarantees agreement signed with Ukraine, the EU will supply weapons and other assistance necessary to protect against Russia.

The President of the European Commission wrote on X, “Today we have signed the EU’s security commitments for Ukraine.

“We pledge to keep delivering the weapons, military training and the aid Ukraine needs to defend itself against this war of aggression and deter any future attack.

“This highlights: we are in for the long haul.”