EU to exclude US, UK and Turkey from €150bn rearmament fund

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The companies from the United States, Great Britain and Turkey will be excluded from the EU’s 150 billion euros, as long as their native countries are not signing defense and security agreements with Brussels.

The planned funds of the capitals will only be open to weapons Am I On Wednesday, defense companies and third countries, who have signed contracts with the Alliance.

It will also rule out advanced weapons systems on which the third country had a “design authority”, restrictions on the use of its specific components, or the control over its final use.

This will exclude the US “Patriot” air and missile defense platform, which is produced by the Protection Contractor RTX and other US weapons, where Washington has restrictions where they can be used.

Politics is a victory for France and other countries that require a “European” approach to the protective investment of the continent due to the long-term reliability of the USA as a supply.

At least 65 percent of the cost of goods should be spent in the EU, Norway and Ukraine.

EU Member States will not be able to spend money on goods, where there may be control of this weapon or destination. … If the equipment purchased by countries cannot be used because the third country cannot be used. “

The United Kingdom is unlikely to be included in the initiative, in particular its key role, taking into account the European “ready-made coalition” aimed at strengthening the defense opportunities of the continent. British defense companies, including Bae Systems and Babcock International are deeply integrated into the defense industry of the EU countries, such as Italy and Sweden.

If the United States, the United Kingdom and Turkey wanted to participate in the initiative, they should be signed with the EU Defense and Security Partnership, said officials.

Negotiations between London and Brussels began, but have been included in the requirements of the EU-Britain’s larger agreement, which will include controversial issues such as fishing rights and migration.

The exclusion of Great Britain and Turkey will create large headaches for large European defense companies who are close to manufacturers or suppliers in those markets.

A British official asked British official on the rules of the new Foundation on Tuesday.

The transfer will significantly lead to the British defense sphere. One elders of the UK defense industry said it was “significant concern” by adding:

The previous French efforts for EU companies have only met with the stiff resistance of countries such as: GermanyItaly, Sweden and the Netherlands, who have close ties with non-EU protection producers.

The proposal must be approved by the majority of EU states.

EU countries will be able to spend loans, which are used by Norway, South Korea, Moldova, Northern Macedonia and Ukraine, saying officials.

Additional report by Philip Georgia