Estonia to borrow up to €3.6 billion in EU defence loans

Estonia to borrow up to €3.6 billion in EU defence loans

Speaking in Estonia in a joint news conference on Saturday with Prime Minister Kristen Michal, European Commission President Ursula von der Leyen stressed that sanctions against Russia should be tightened and Europe needs to bolster its defence spending.

"Our aim is that by 2030, we have significantly filled all gaps that we have identified today," von der Leyen said speaking at the Ämari Air Base, where NATO aircrafts are stationed. "Here we put a strong focus on defence."

"Estonia is making the Eastern flank safer. And Europe, stronger," von der Leyen added.

With the help of the European Commission's Security Action for Europe (SAFE) loan instrument, Estonia plans to borrow €3.6 billion to fund their defence spending.

"Eston

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