Cyprus news brief
EU urges member states to tap €21.3 billion SAFE fund to boost defence, support Ukraine
NEWS DESKCyprus
PUBLISHEDOct 29, 2026, 7:18 PM
What the source reports
The European Commission urged member states on Thursday to apply for loans from a €21. 3 billion ($23. 74 billion) pot available through the European Union’s SAFE defence funding programme to boost their own forces and support Ukraine.
The Commission encouraged member states to launch joint procurement programmes with Ukraine, using funds from SAFE’s second round. Member states should prioritise the urgent needs of Ukrainian and their own armed forces in air and missile defence systems, drones and counter-drone systems, ammunition and missiles,…
Main source: Cyprus Mail
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