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European Investment Bank triples its financial commitment to defence
euronews (in English)
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5 months ago
European Investment Bank triples its financial commitment to defence
With a new financial ceiling of €100 billion for 2025, the European Investment Bank (EIB) aims to invest in defence, energy networks and technology.
READ MORE : http://www.euronews.com/2025/06/20/european-investment-bank-triples-its-financial-commitment-to-defence
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00:00
The European Investment Bank reinforces its role as the European Union's financial arm.
00:10
The bank's financing ceiling for this year reaches 100 billion euros, a new record.
00:16
Against a backdrop of geopolitical tensions, the EIB confirms its commitment to defense and security, tripling its financing effort.
00:24
The EIB plans to devote 3.5% of total financing to the military sector, with 32 flagship projects currently in the pipeline.
00:32
We are financing the public sector when we are talking about large military barracks, infrastructures.
00:38
Just this week also, we have got the go-ahead for the financing of a very important infrastructure in Lithuania.
00:46
Military barracks that will host a Buda's brigade very close to the Belarusian border.
00:52
And we are working with the European Commission to identify other key public infrastructures for military mobility.
00:58
We are also financing large private companies when it comes to research and development programs,
01:04
when it comes to innovation and also industrial capability.
01:09
Climate change and clean energy remain priorities for the EIB,
01:13
as the bank sees climate action closely linked to European security.
01:17
Therefore, it is launching a new program of investment in technology and innovation.
01:23
The first wave of this new 70 billion euro tool will be dedicated to clean industries.
01:29
This has to do with the products to build energy grids.
01:35
It has to do with guarantees for clean tech innovators.
01:39
It also has to do with support to the wind industry and also support to the deployment of power purchase agreements,
01:46
which are key to stabilize energy pricing for large European industries.
01:51
The EIB wants to promote the Union's strategic autonomy.
01:55
To this end, it wants to ensure that European companies and producers remain in Europe.
02:00
But!
02:02
The EIB is such an open source of國家,
02:06
M.J. is specific to UK,
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