EU finalizes €150B SAFE defence loans with Poland largest recipient

The European Union has fully allocated its €150 billion Security Action For Europe (SAFE) defense loan program to 19 member states, aimed at boosting EU defense capabilities in response to threats from Russia and Belarus. Poland received the largest share, €43.7 billion, surpassing the combined allocations of France, Italy, and Spain, with Romania, Hungary, France, and Italy also receiving significant portions. The program offers low-interest loans with a 10-year grace period and encourages joint procurement, including support for Ukraine. Countries must now submit detailed investment plans by November, with disbursements expected in early 2026. The initiative has garnered interest beyond eastern EU countries, reflecting broad commitment to European defense enhancement. Eight EU countries did not participate, citing their ability to secure comparable or better borrowing terms independently.