What Happened
EU Invites Member States To Apply For Defence Loans
The European Commission has invited EU Member States to apply for €21.3 billion in defence loans under the second round of the Security Action for Europe (SAFE) instrument. The funding aims to support joint defence procurement, strengthen European military readiness, and encourage cooperation with Ukraine, particularly in air defence, unmanned systems, and ammunition. The Commission has already approved loan agreements from 19 Member States and disbursed almost €13.5 billion across 11 Member States. This initiative is part of the €150 billion in long-maturity SAFE loans adopted in May 2025, as reported by Defensehere.