European Peace Facility: State of play as of 31 March 2023
The European Peace Facility (EPF), an off-budget instrument made up of yearly contributions from Member States in proportion to their gross national income, initially had a financial ceiling of €5.7 billion (in 2021 prices, or €5 billion in 2018 prices) for 2021-2027. The EPF was set up by Council Decision (CFSP) 2021/509 of 22 March 2021 and entered into force on the same day.