Berliner Boersenzeitung - EU leaders plot defence boost in shadow of Denmark drones

EUR -
AED 4.2308
AFN 75.461931
ALL 95.701743
AMD 434.289094
ANG 2.062212
AOA 1056.403079
ARS 1597.18451
AUD 1.668628
AWG 2.073925
AZN 1.963008
BAM 1.952758
BBD 2.315114
BDT 141.040283
BGN 1.969159
BHD 0.435651
BIF 3421.500424
BMD 1.15202
BND 1.480462
BOB 7.942627
BRL 5.945121
BSD 1.149419
BTN 107.068206
BWP 15.769502
BYN 3.405953
BYR 22579.598756
BZD 2.311719
CAD 1.606781
CDF 2655.407311
CHF 0.920187
CLF 0.02682
CLP 1058.995158
CNY 7.928953
CNH 7.933071
COP 4226.094473
CRC 534.859814
CUC 1.15202
CUP 30.528539
CVE 110.594367
CZK 24.524559
DJF 204.737509
DKK 7.474082
DOP 70.100891
DZD 153.514723
EGP 62.594955
ERN 17.280305
ETB 179.485717
FJD 2.596428
FKP 0.872786
GBP 0.871389
GEL 3.093221
GGP 0.872786
GHS 12.67803
GIP 0.872786
GMD 85.249915
GNF 10114.739035
GTQ 8.793302
GYD 240.575224
HKD 9.029248
HNL 30.533639
HRK 7.533181
HTG 150.860401
HUF 384.6946
IDR 19578.12495
ILS 3.606256
IMP 0.872786
INR 106.83831
IQD 1505.854131
IRR 1519716.438584
ISK 144.440755
JEP 0.872786
JMD 181.216908
JOD 0.816828
JPY 183.924702
KES 149.53662
KGS 100.744622
KHR 4596.719375
KMF 491.913091
KPW 1036.802092
KRW 1741.002708
KWD 0.356366
KYD 0.957908
KZT 544.681477
LAK 25310.339681
LBP 103108.170116
LKR 362.66133
LRD 210.92142
LSL 19.532595
LTL 3.401617
LVL 0.696846
LYD 7.350613
MAD 10.799077
MDL 20.225019
MGA 4805.472163
MKD 61.628064
MMK 2419.207897
MNT 4116.419504
MOP 9.279644
MRU 45.662874
MUR 54.087791
MVR 17.81067
MWK 1993.077817
MXN 20.611607
MYR 4.643839
MZN 73.672136
NAD 19.532172
NGN 1587.634232
NIO 42.293196
NOK 11.258292
NPR 171.306902
NZD 2.017019
OMR 0.44364
PAB 1.149409
PEN 3.976705
PGK 4.972168
PHP 69.592978
PKR 320.72236
PLN 4.278316
PYG 7435.481305
QAR 4.191071
RON 5.088018
RSD 117.392788
RUB 92.536885
RWF 1678.770184
SAR 4.325327
SBD 9.260829
SCR 16.616785
SDG 692.364618
SEK 10.924729
SGD 1.482309
SHP 0.864314
SLE 28.397729
SLL 24157.303089
SOS 656.873849
SRD 43.029156
STD 23844.495215
STN 24.461468
SVC 10.057332
SYP 127.363484
SZL 19.524669
THB 37.596228
TJS 11.017337
TMT 4.043591
TND 3.388621
TOP 2.773788
TRY 51.288526
TTD 7.797954
TWD 36.858934
TZS 2995.253282
UAH 50.34114
UGX 4312.282184
USD 1.15202
UYU 46.547487
UZS 13965.244481
VES 545.355491
VND 30344.215879
VUV 137.490062
WST 3.186768
XAF 654.931042
XAG 0.015774
XAU 0.000247
XCD 3.113393
XCG 2.071573
XDR 0.815708
XOF 654.942394
XPF 119.331742
YER 274.930073
ZAR 19.553086
ZMK 10369.569656
ZMW 22.212589
ZWL 370.950081
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.8800

    73.2

    -2.57%

  • CMSD

    0.1100

    22.26

    +0.49%

  • RELX

    0.3600

    33.59

    +1.07%

  • BCE

    -0.9300

    24.45

    -3.8%

  • VOD

    0.0800

    15.21

    +0.53%

  • NGG

    1.1500

    87.99

    +1.31%

  • RYCEF

    0.9000

    15.99

    +5.63%

  • RIO

    -0.3600

    94.45

    -0.38%

  • GSK

    0.7000

    56.69

    +1.23%

  • CMSC

    0.0500

    22.04

    +0.23%

  • BTI

    0.3900

    58.28

    +0.67%

  • JRI

    0.0900

    12.61

    +0.71%

  • AZN

    2.7600

    203.49

    +1.36%

  • BP

    0.9500

    47.12

    +2.02%

EU leaders plot defence boost in shadow of Denmark drones
EU leaders plot defence boost in shadow of Denmark drones / Photo: Sebastian Elias Uth - Ritzau Scanpix/AFP

EU leaders plot defence boost in shadow of Denmark drones

EU leaders will discuss bolstering Europe's defences and Ukraine's financial firepower at a Wednesday summit in Denmark, where mysterious drone flights have ramped up fears about the threat from Russia.

Text size:

Thousands of police are on high alert, civilian drones have been banned and NATO allies have sent reinforcements as the continent converges on Copenhagen for the long-planned talks, followed by a broader gathering of European leaders Thursday.

Denmark -- which holds the EU's rotating presidency -- has been rattled in recent days as unidentified drones shut down airports and flew near military sites.

Nordic neighbours as well as allies from the United States to Ukraine have dispatched anti-drone technology and specialists to bolster Denmark's capabilities ahead of the summit talks.

Suspicions have pointed at Russia for what Prime Minister Mette Frederiksen called a "hybrid attack" -- but so far no culprit has been definitively named.

Nonetheless the drone incidents have sharpened the focus on the chinks in Europe's defences after high-profile air incursions by Moscow in Poland and Estonia.

EU leaders meeting in the Danish capital are looking to flesh out details for priority projects, including a "drone wall" aimed at countering Russia's threat.

Defence ministers from some 10 countries mostly along the EU's eastern flank last week kicked off talks on the plan to build a system of defences to detect, and ultimately take down, drones.

The EU is looking to tap the war-tested expertise of Ukraine, whose President Volodymyr Zelensky will join for Thursday's gathering of the European Political Community.

"Europe must deliver a strong and united response to Russia's drone incursions at our borders," EU chief Ursula von der Leyen said Tuesday.

Wednesday's discussion is the latest step in the EU's efforts to get ready for a potential conflict with Russia by 2030 -- as warnings swirl Moscow could look to attack in the coming years.

Leaders will seek to lay out a roadmap for addressing Europe's most pressing defence needs as confidence wavers in US backing under President Donald Trump.

The 27-nation bloc has already come up with a 150-billion-euro loan scheme to help fund defence spending, with the lion's share being snapped up by eastern countries.

Brussels has proposed countries now club together on four "flagship" projects -- the drone wall, securing the eastern flank, missile defences and a space "shield".

- Tapping Russian frozen assets? -

But while the EU looks to prepare for a possible future war, a crucial pressing issue is how to help finance Ukraine as it tackles Moscow's ongoing invasion.

"Putin wants to have us talking about ourselves, not about Ukraine, not about helping Ukraine, not to push back Russia in Ukraine," Estonian Prime Minister Kristen Michal told AFP in an interview on the eve of the summit.

Leaders will pick over a proposal from Brussels to use frozen Russian central bank assets to fund a new 140-billion-euro loan for Kyiv.

That push could face resistance from Belgium, where most of the assets are held, but it is seen as crucial to help Kyiv plug looming budget shortfalls.

As US support for Ukraine has dried up under Trump, the plan last week won the backing of key powerbroker, German Chancellor Friedrich Merz.

Officials say they hope to get a green light from leaders to continue work on the plan.

"The positions are not necessarily black and white, no and yes, some may say that they could ponder going down that road if certain conditions are met," a senior EU official said.

Beyond the push to keep Ukraine going financially, officials are also trying to keep Kyiv's bid to join the EU on track despite a block from Hungarian leader Viktor Orban.

Russia-friendly Orban has been flexing his veto to stop negotiations with Ukraine from progressing.

European Council chief Antonio Costa, who chairs the summit, has been canvassing support for a plan that would mean countries cannot veto each new step of talks.

"No leader to this day has replied with a total 'no', in a totally negative way to this idea," the EU official said.

But it appears it would be a stretch -- and need the consent of Orban and all the other leaders.

(L.Kaufmann--BBZ)