President of France announced the creation of €100-million fund for Ukraine to buy arms

France has created a fund, initially worth €100 million, for Ukraine to directly buy weapons and other material it needs in its war against invading Russia, President Emmanuel Macron said on October 8, 2022, France 24 reports.

“We are setting up this special, dedicated fund initially with €100 million to allow the acquisition of equipment that we have already delivered and that we will continue to do so in terms of weapons, meaning defensive ones,” Macron said after a summit in Prague.

The new fund, he said, “will allow… to also work with France’s defense industry base” and “demonstrates our will to act as Europeans and to align ourselves with this collective effort” helping Ukraine.

Source