India, Aug. 27 -- The European Commission has disbursed Romania its first payment of €2.5 billion under the Security Action for Europe defense instrument.
This represents 15 percent of the Commission's total allocation of €16.7 billion.
SAFE is a €150 billion financial instrument providing loans to Member States. It primarily funds joint procurement of ammunition, missiles, air defense, and ground combat systems produced within the EU. It is part of the European Commission's ReArm Europe/Readiness 2030 plan, which aims to unlock more than €800 billion in defense investment across the European Union.
The pre-financing will help Romania accelerate priority defense investments, strengthen resilience, and modernize it...