Dhaka, Nov. 29 -- Britain said Friday it was "disappointing" talks with Brussels to access a 150-billion-euro ($174 billion) EU scheme to bolster Europe's defences had failed amid disagreement over the entry fee.
European nations have scrambled to bolster their militaries since Russia's 2022 invasion of Ukraine, with Brussels launching its loan initiative earlier this year.
The SAFE (Security Action for Europe) scheme will provide EU countries with 150 billion euros of loans at lower rates to help them rearm.
London and Brussels had been wrangling over the level of contribution the UK would make to join the scheme.
which would have allowed Britain to secure more lucrative access for its arms manufacturers.
EU relations minister Nick Th...