Finland urges EU countries to switch to "wartime economy"
Category
World
Publication date

Finland urges EU countries to switch to "wartime economy"

Alexander Stubb
Source:  The Japan Times

The Finnish leader called on Europe to strengthen its support for Ukraine, as well as to increase its defense potential.

Points of attention

  • The President of Finland called on the European Investment Bank to increase financing of the military industry.
  • The President of the European Parliament, Roberta Metzola, confirmed her support for Ukraine and the EU enlargement policy.
  • Agreements on profits from frozen Russian assets in the interests of the defense of Ukraine and EU sanctions against Russia testify to the European Union's strong support for common security.

Finland’s President urged EIB to extend financing of the military industry

The President of Finland, Alexander Stubb, announced that European countries need to move to a "wartime economy," consolidate arms orders and develop the defence industry in the long term.

Europe needs to transition to a wartime economy, consolidating ammunition and arms orders to give its defence industry a long-term perspective.

Alexander Stubb

Alexander Stubb

President of Finland

Stubb also noted that the European Investment Bank (EIB) should also "go beyond its red lines" and finance the military industry more vigorously.

Europe should also create a manual on how to resist hybrid attacks, said the Finnish president.

It will include plans to launch systems after attacks and optimise communications to create a united front against the Kremlin.

Cyberattacks, GPS jamming, airspace violations and the use of immigration weapons are some forms of Russian hybrid warfare that Finland has experienced only in recent months, along with most of the other countries of NATO's eastern flank, the country's president said.

EU Parliament to continue to support Ukraine in the new cadence

The President of the European Parliament, Roberta Metsola, declared her optimism in further support for Ukraine and in supporting the EU enlargement policy.

The new composition of the European Parliament, formed as a result of the elections held a few weeks ago, will maintain consistency in its support for Ukraine and the EU enlargement policy. The President of the European Parliament, Roberta Metzola, stated this at a press conference in Brussels.

This was an answer to the question of whether the new parliament, in which the presence of right-wing forces has noticeably increased, will continue to support Ukraine's struggle against the aggression of the Russian Federation and the reform of the EU itself in the process of its expansion.

I am pretty optimistic, so my answer to both questions is yes. If we see that, the results will allow us to achieve a picture holding the pro-European "centre". This will be tested over the next few weeks. At the same time, I have no fears about any backsliding from the commitments made during the 9th conference of the European Parliament.

Robert Metsola

Robert Metsola

President of the European Parliament

According to Metsola, the security agreements signed today, together with the agreement at the level of EU leaders on the procedure for using profits from frozen Russian assets in the interests of the defence of Ukraine, the adoption of the 14th package of EU sanctions against Russia, the start of negotiations with Ukraine and Moldova on joining the EU, are evidence of unwavering the European Union's support for Ukraine and its determination to strengthen common security.

By staying online, you consent to the use of cookies files, which help us make your stay here even better 

Based on your browser and language settings, you might prefer the English version of our website. Would you like to switch?