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

EUR -
AED 4.120835
AFN 72.376646
ALL 91.446363
AMD 404.430758
ANG 2.00828
AOA 1030.068071
ARS 1734.359288
AUD 1.62136
AWG 2.022547
AZN 1.912974
BAM 1.961233
BBD 2.259861
BDT 139.356061
BGN 1.961204
BHD 0.423252
BIF 3378.578422
BMD 1.122079
BND 1.436078
BOB 13.334763
BRL 6.181191
BSD 1.122008
BTN 105.309742
BWP 15.416709
BYN 3.359607
BYR 21992.738982
BZD 2.256652
CAD 1.584964
CDF 2570.681235
CHF 0.920132
CLF 0.027649
CLP 1088.168925
CNY 7.487409
CNH 7.483652
COP 3676.0751
CRC 508.2079
CUC 1.122079
CUP 26.928601
CVE 110.665006
CZK 24.345714
DJF 199.415625
DKK 7.476381
DOP 68.053886
DZD 152.620074
EGP 60.46562
ERN 16.831178
ETB 180.876813
FJD 2.526699
FKP 0.840202
GBP 0.834944
GEL 2.911781
GGP 0.840202
GHS 13.111489
GIP 0.840202
GMD 83.033728
GNF 9944.378364
GTQ 8.573714
GYD 235.220589
HKD 8.799957
HNL 30.380262
HRK 7.595361
HTG 147.067424
HUF 362.431919
IDR 20293.912103
ILS 3.54441
IMP 0.840202
INR 105.415967
IQD 1698.826878
IRR 2134513.700104
ISK 137.228052
JEP 0.840202
JMD 178.243793
JOD 0.795585
JPY 177.315894
KES 145.756644
KGS 98.126077
KHR 4583.690588
KMF 495.958991
KPW 1009.870624
KRW 1509.96422
KWD 0.348775
KYD 0.935082
KZT 503.404593
LAK 25252.377599
LBP 100482.130971
LKR 373.071867
LRD 191.090351
LSL 18.581951
LTL 3.313206
LVL 0.678734
LYD 7.214799
MAD 10.948678
MDL 20.224849
MGA 5155.950214
MKD 61.536967
MMK 2355.754922
MNT 4040.791023
MOP 9.062205
MRU 45.163564
MUR 52.858792
MVR 17.275707
MWK 1949.05068
MXN 20.803113
MYR 4.553845
MZN 71.696486
NAD 18.581481
NGN 1511.450807
NIO 41.079237
NOK 10.551522
NPR 168.495788
NZD 1.991925
OMR 0.431396
PAB 1.122109
PEN 3.862754
PGK 5.040344
PHP 70.762196
PKR 310.423176
PLN 4.386822
PYG 7013.429462
QAR 4.087729
RON 5.343004
RSD 117.67346
RUB 92.574778
RWF 1655.065816
SAR 4.219482
SBD 9.031142
SCR 15.780944
SDG 674.960217
SEK 11.000016
SGD 1.435267
SHP 0.840351
SLE 25.751724
SLL 23529.430449
SOS 641.25269
SRD 42.136277
STD 23224.759885
STN 24.994299
SVC 9.8182
SYP 14589.264556
SZL 18.581752
THB 37.488452
TJS 10.300189
TMT 3.927275
TND 3.349961
TOP 2.701695
TRY 56.354259
TTD 7.610082
TWD 36.808219
TZS 2967.895463
UAH 51.116008
UGX 4594.728881
USD 1.122079
UYU 45.245142
UZS 13464.942184
VES 1005.737375
VND 28630.394464
VUV 133.821406
WST 3.128157
XAF 655.957
XAG 0.021033
XAU 0.000271308372
XCD 3.032473
XCG 2.022202
XDR 0.793368
XOF 655.957
XPF 119.331742
YER 265.51185
ZAR 18.382448
ZMK 10100.052768
ZMW 22.805178
ZWL 361.308825
SSP 6446.60178
MXV 2.338638
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

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)