Backed by the European Commission, Estonia is seeking to borrow as much as 3.6 billion euros ($4.1 billion) to enhance its military strength via joint weapons procurement with partners. Tallinn’s Ministry of Finance said the funding would go toward medium- and short-range air defense systems, artillery munitions, infantry fighting vehicles, and other defense equipment. This move is part of an EU proposal for the Commission to raise up to 150 billion euros ($174.2 billion) for member states, allowing them to secure defense loans at more favorable rates through a pooled borrowing approach.
