BRUSSELS (CN) — U.S. defense contractors will be pushed to the back of the line under Europe’s 90-billion-euro ($95 billion) Ukraine loan, with new rules unveiled Wednesday requiring Kyiv to buy European and Ukrainian weapons first as support under President Donald Trump dwindles.
The European Commission — the EU’s executive arm — on Wednesday presented the legislative blueprint for the loan package EU leaders agreed to last month to keep Ukraine’s government running through 2027. The fine print shows that 60 billion euros set aside for weapons must go to European and Ukrainian suppliers first.
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