Poland can number on EUR 20 billion from the EU debt fund for reinforcement, which represents about PLN 100 billion. These funds must be spent by the end of this year. Deputy Finance Minister Paweł Karbowicz stressed that repayment of loans would be postponed by 10 years, and the full process would proceed until 2070. These are favorable conditions which are not available to Polish companies on the commercial market. We remind you that earlier anti-Polish politicians had dismantled Poland, giving our equipment to Ukraine free of charge.
EU support for Polish defence industry
Paweł Karbowicz, in an interview with Polish Radio, pointed out that Poland signaled to the European Commission that these funds would be mostly invested in national defence industry, Polish companies and jobs. "It is an investment in the economical improvement and innovation of our economy," added the Deputy Minister. It was besides agreed that at the beginning Poland would be able to implement national projects alternatively than joint EU initiatives.
Europe's reinforcement plan: EUR 150 billion for arms projects
The plan for attracting Europe, presented by the European Commission's head Ursula von der Leyen, includes EUR 150 billion in loans for arms projects. In addition, associate States have obtained a loosening of budgetary discipline in defence expenditure and the anticipation of redeployment within the Union budget.
Shield East: Key task for the safety of Poland
The European Commission has published details of the plan to bring Europe together, including the alleged White Paper, which identifies gaps and backlogs in defence. Brussels pointed to the Shield East task as 1 of the key elements strengthening the protection of the Union's border with Russia and Belarus. The cost of the task is estimated at PLN 10 billion.
The reinforcements within the Shields of the East are expected to be made about 800 km long along the borders with Russia and Belarus. Physical barriers, advanced airspace monitoring systems and another defence measures are planned to deter possible aggressors and defend civilians.
Business support for the east Shields
The Ministry of Defence reported that nearly 200 proposals were received to support the Shield East program from manufacturers and suppliers of modern technologies. "This shows how crucial this task is for Polish business and safety of the country," he stressed.
Criticism by the Opposition
In the Sejm, the Confederate associate Sławomir Mentzen criticised the government for supporting the European Parliament's decision on EU defence policy. The politician accused the rulers that Poland had lost part of its sovereignty in defence matters for Brussels. "You have passed decision-making on the defence of Europe from Poland to Brussels, depriving Poland of the right to veto," Mentzen said.
Mentzen besides referred to the vote in the Europarliament, which took place on 12 March. "You voted to donate over PLN 8 billion to Ukraine all year. For this money, all pensioners could be exempt from income tax," he added.
Summary
Poland will receive €20 billion from the EU debt fund for reinforcement, which provides crucial support to the national defence industry. The repayment of loans will be postponed by 10 years and will last until 2070. The east Shield Project, whose cost is estimated at PLN 10 billion, is simply a key component strengthening the safety of Poland. However, these decisions met with criticism from the opposition, which accuses the government of losing sovereignty in defence issues.
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Poland's EU supply credit will be repaid by 2070
