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EU countries finalise €150 billion loan to rearm against Russia
20 May 2025
European Union countries have finalised a plan for a €150billion loan programme to help rearm in the face of Russia and worries over US reliability, diplomats said on Monday. The SAFE borrowing scheme backed by the EU's central budget was proposed by Brussels in March as the bloc rushes to boost its defences following disengagement from European security by the United States. The finalisation comes as the EU and the UK agree a new defence partnership as part of a post-Brexit "reset" at a London summit.