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LIVE: EU Leaders In Brussels For Extraordinary Summit On Defence, Ukraine | Zelesnky | N18G

LIVE: EU Leaders In Brussels For Extraordinary Summit On Defence, Ukraine | Zelesnky | N18G EU leaders will gather in Brussels on Thursday for an extraordinary summit dedicated to defence and Ukraine. Ursula von der Leyen on Tuesday proposed a Rearm Europe Plan she said could see member states mobilise up to €800 billion to finance a massive ramp-up in defence spending, hours after Washington suspended all military aid to Ukraine putting pressure on the bloc to increase its own assistance. "We are in an era of re-armament, and Europe is ready to massively boost its defence spending, both to respond to the short-term urgency to act and to support Ukraine, but also to address the long-term need to take on more responsibility for our own European security," the European Commission president said. The five measures she outlined, which she details in a letter to EU leaders ahead of an extraordinary summit on Thursday, include a "new instrument" to provide €150 billion in loans to member states to finance joint defence investments in pan-European capabilities including air and missile defence, artillery systems, missiles and ammunition, drones and anti-drone systems. Von der Leyen, who did not take questions from journalists, did not provide details on how this money would be raised and if the roughly €90 billion in unused money from the post-COVID recovery fund would form part of it. #ukraine #ukrainerussiawar #zelensky #europe #EU #trumpzelensky #cnbctv18