RIGA — Latvian Prime Minister Andris Kulbergs wants Brussels to hand over €7 billion to help cover the military and economic costs of confronting Russia, as pressure grows over the price of the country’s hard line on Moscow.
The money should come from the EU’s next seven-year budget, under a new Competitiveness Fund, to offset higher defense spending and the collapse in trade with Russia since Moscow’s full-scale invasion of Ukraine, Kulbergs told POLITICO's Brussels Playbook in an interview.
The cash, which Riga wants to come on top of other funds earmarked for the country, would amount to almost half of Latvia’s projected €15.1 billion defense bill over the seven-year budget period.