EU ambassadors have agreed on the creation of a €150bn EU militarisation fund.
Reuters writes that.
‘EU countries have agreed in principle on proposals to create a €150bn ($168.3bn) fund aimed at strengthening Europe’s defence capabilities,’ the report said.
It is specified that the decision to approve the plan will be taken on 20 May at a meeting of the EU foreign ministers.
Earlier, Russian Foreign Minister Sergey Lavrov said that Germany would ‘rack up debts’ in order to fulfil the €800bn rearmament plan.
