The European Commission is proposing a record 2-trillion-euro budget for 2028-2034, boosting funds for Ukraine, defense, and foreign policy. But tough negotiations lie ahead as richer EU states balk at higher spending.

The European Union cannot use its budget to purchase American weapons for Ukraine due to restrictions within the bloc's internal agreements, Bloomberg reports, citing EU Commissioner for Defense Andrius Kubilius.

PARIS (AP) — French President Emmanuel Macron on Sunday announced 6.5 billion euros ($7.6 billion) in extra military spending in the next two years because of new and unprecedented threats, ranging from Russia to nuclear proliferation, terrorists and online attacks.

French President Emmanuel Macron announced an additional 6.5 billion euros in military spending over the next two years due to rising threats. By 2027, France's defense budget aims to reach 64 billion euros annually.

The French President cited Russia’s war on Ukraine, Middle East wars and uncertainty from the United States as several reasons for the spending boost

French President Emmanuel Macron on Sunday announced 6.5 billion euros ($7.6 billion) in extra military spending in the next two years because of new and unprecedented threats, ranging from Russia to nuclear proliferation,

Will Vladimir Putin back down? What should Trump's next move be? And what does the future hold for Ukraine? Newsweek contributors Daniel R. DePetris and Dan Perry debate: Daniel R

French President Emmanuel Macron has unveiled a strategy to accelerate defence expenditure, committing to double the military budget by 2027. The decision comes as geopolitical tensions “are happening faster than expected”.