Estonian Prime Minister Kaia Kallas proposed that the European Union issue Eurobonds worth 100 million euros to finance its defense industry. She also called for more to be done to provide arms to Ukraine.
Callas found a new way to raise the "defense" of the EU
The Prime Minister of Estonia proposes to issue Eurobonds.
This is reported by Bloomberg .
We're at a point where we need to invest more and (explore - ed.) what we can do together because the bonds issued by individual countries are too small to scale. Eurobonds can have a much bigger impact.
Kaya Callas
The premiere of Estonia
According to Bloomberg, the idea of Callas was also supported by the President of France, Emmanuel Macron, and the President of the European Council, Charles Michel. More frugal countries such as the Netherlands and Germany are likely to be less interested in this.
In addition, the Estonian Prime Minister spoke about aid to Ukraine.
Today, the EU should focus on the development of Ukrainian industry and securing long-term contracts for the supply of weapons to Ukraine, as well as looking for stockpiles of weapons around the world to buy them and transfer them to Ukraine.
Europe has done a lot and must do even more. This is obvious, she stressed, calling on allies to fulfill their promise to spend 0.25% of GDP over the next four years to support Ukraine.
Estonia handed over a new aid package to Ukraine
It is noted that Javelin missiles, which Estonia purchased in December, have already arrived in Ukraine. The aid package also includes machine guns, ammunition for small arms, various land and water equipment, as well as diving equipment.
I am glad that another aid package has arrived in Ukraine and is being used by Ukrainian defenders. Recent events in Europe show that sending critical missiles and other military aid to Ukraine continues on a large scale, and with this, together with our allies, we send a clear message to the Kremlin that we will continue to support Ukraine until there is a victorious end, the minister said of defense Hanno Pevkur.
The exact amount, arrival time of this aid package and other details of the supply are not being disclosed for security reasons.
The Ministry of Defense adds that since 2022, Estonia has provided military aid to Ukraine in the amount of almost 500 million euros or about 1.4% of the gross domestic product.
