The chief of the European Union’s executive has proposed an 800 billion-euro (£662 billion) plan to strengthen the defences of EU nations, aiming to lessen the impact of potential US disengagement and provide Ukraine with military muscle to negotiate with Russia following the freeze of US aid.

European Commission President Ursula von der Leyen presented on March 4 the ReArm Europe plan aimed at strengthening the defense capabilities of European countries. The announcement comes amid seismic geopolitical shifts as U.

Europe urgently needs to rearm and member states must be given the fiscal space to carry out a surge in defence spending, European Commission President Ursula von der Leyen said on Sunday after a meeting about support for Ukraine.

EU chief Ursula von der Leyen unveiled on Tuesday a five-part plan to raise approximately 800 billion euros ($840.50 billion) for European defense

President of the European Commission Ursula von der Leyen said the group will soon present a plan for rearming Europe during a summit of leaders in London.

The European Commission proposed new joint EU borrowing of 150 billion euros to lend to EU governments for defence as part of an overall 800 billion total financing effort to boost Europe's defence capabilities.

EU Commission President says she will inform member states on Tuesday about plans to strengthen the European defense industry and the EU's military capabilities. The EU will hold an emergency summit on Thursday.

European Commission President Ursula von der Leyen has stated that Europe must urgently rearm. She will propose a plan for this next week, informs The Guardian. Following a summit in London, von der Leyen said that European leaders had a productive and candid discussion about what is needed to put Ukraine in a position of strength.