The plan, proposed by the European Commission in March, will be financed through joint borrowing and give loans to Europian Union members and certain other countries such as Ukraine for projects that bolster their defences and boost Europe's arms industry.
Europian Union countries have in principle agreed on the proposals for a 150 billion euro fund aimed at boosting Europe's defence, known as Security Action for Europe, an EU diplomat said on Monday, EDnews informs.
Madina Mammadova\\EDnews
