Overview

• Eighteen EU member states have applied to draw at least €127 billion from the European Union’s €150 billion Security Assistance Facility for Europe.
• Poland has identified around €45 billion in defense projects that could be financed through the fund, far outpacing other applicants.
• The loans carry 45-year repayment terms, offer advance payments of up to 15 percent and are financed by EU-level debt backed by the bloc’s triple-A credit rating.
• The facility is open to EU member states, Ukraine and security partners holding agreements with the bloc, including Britain.
• Germany, Sweden and the Netherlands are expected to decline borrowing while many applicants plan joint arms purchases to secure lower prices and accelerate deliveries.