Brussels, June 5 -- The European Union will redirect 335 billion euros from the Resilience and Recovery Facility (RRF), which was established for COVID relief, to defence projects, after receiving permission from the European Commission.
According to Politico, the Commission, while declaring the amount to be eligible for defence expenditure, said that countries have until August 2026 to meet the certain agreed targets in order to receive the funds.
On Wednesday, the body told countries that defence projects under common EU plans such as the satellite communication programmes were now eligible.
The European Commission has called for lawmakers and governments to include in the European Defence Industry Programme (EDIP) regulations - a pro...