Obama Unveils $1 Billion Europe Security Fund
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U.S. President Barack Obama, arriving in Poland today, announced a $1 billion fund to help boost defensive capabilities of European allies shaken by Russia’s annexation of the Crimean peninsula from Ukraine.
Obama will officially call on Congress to approve the fund this afternoon during a joint press conference with Polish President Bronislaw Komorowski in Warsaw. The “European Reassurance Fund” will build on previously announced measures by increasing the capability, readiness, and responsiveness of North Atlantic Treaty Organization forces to address continued threats and deter further destabilizing activities, according to a White House fact sheet.