EU states urge European Investment Bank to rethink defence policy
Fourteen nations have sent a letter to European Investment Bank (EIB) officials to call for more efficient funding of defence projects, according to Bloomberg. The letter, dated 17th March, was sent to EIB President Nadia Calvino, European Council President Charles Michel, and Belgian Prime Minister Alexander De Croo. The EIB's current policy forbids it from investing in weapons, ammunition, and military infrastructure, but the bank is allowed to finance so-called "dual-use items", which can be used for both civilian and military purposes. In the face of Russian aggression in Eastern Europe, a...