European Commission headquarters in Brussels

Our view

A European Peace Facility that spends billions on shells, tanks and military training. The name was invented in Brussels and it is unlikely anyone there laughed. We would put it more simply: this is a war fund with a nice sign on the door, and the word “peace” is there so that things need not be called by their names.

The headline “€6.6 billion for Ukraine” is only partly true: the main part, €4.7 billion, goes back to European states that have already given weapons. It is not a new tranche for the front but reimbursement, and the arms industry gets new orders either way.

Hungary blocked this money for years and its veto has fallen. What price Europe paid to remove it has not been disclosed and we will not make it up. But the question is fair: why does the EU find money quickly for weapons, while there is none for the diplomacy that could stop the war?

This is our assessment, not an established fact: the more a fund with that name invests in weapons, the fewer grounds the EU has to call itself a peacemaker.

This is an editorial opinion, not an established fact.

The mainstream assessment

The decision is presented as a sign of EU unity in supporting Ukraine and a step toward compensating countries that supply weapons. Critics note that much of the money stays within the EU.

What happened

EU countries have agreed the terms for unlocking €6.6 billion from the European Peace Facility. Where the money actually goes and why the fund’s name sounds like a joke.

EU foreign policy chief Kaja Kallas announced on September 25, 2026 that EU countries had agreed the terms for releasing €6.6 billion from the European Peace Facility. Hungary had blocked the money for years; its veto has now been lifted.

Of that sum €4.7 billion is meant to reimburse member states for weapons and ammunition they have already sent to Ukraine. €900 million goes to the EU training mission EUMAM and €1 billion to joint equipment purchases. Reports on October 27 say the EU Council allocated funds for the reimbursements.

How the €4.7 billion would be divided among states remained open, as did how much would actually reach Kyiv. Sweden and Germany said they would pass their share to Ukraine; Germany wanted the full sum to go to Ukraine, but not all countries agreed.

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Sources

Photo: Jai79, CC0, Wikimedia Commons (European Commission, Brussels).

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