Funding for European security will be tripled. The goal was mentioned by European Commission President Ursula von der Leyen during a conference held on Monday alongside Romanian President Nicusor Dan. Romania is set to receive €800 million, according to IPN.
The European official, quoted by Mediafax, said that the funding is available and that it is necessary to ensure long-term sustainability. The €800 million package for Romania will be granted by 2030.
Part of this package is represented by the SAFE instrument, worth €150 million. “I am very happy that 19 countries have signed up to SAFE for joint procurement. This includes Romania and is a very good initiative,” said Ursula von der Leyen.
The President of the European Commission also noted the strengthening of defense through the new European budget, which will come into force in two years. “We aim to triple funding for European security, increase defense investments fivefold—and this includes, of course, military capabilities—and increase investments in military mobility tenfold,” von der Leyen added.
