Estonia intends to secure up to 3.6 billion euros ($4.1 billion) in loans, backed by the European Commission, to strengthen its defense capabilities through joint arms purchases with allied nations. According to the Ministry of Finance in Tallinn, the funds would be used for acquiring medium- and short-range air defense missiles, artillery shells, infantry fighting vehicles, and other military assets. The initiative aligns with a European Commission plan to borrow up to 150 billion euros ($174.2 billion) on behalf of EU member states and provide them with loans for defense projects, enabling lower interest rates through collective borrowing.
