Stocks and Investing Stocks and Investing

European Union extends Operation ASPIDES mandate to safeguard Red Sea navigation


Published on 2025-02-16 08:21:10 - MSN
  Print publication without navigation

  • The European Council has decided to extend the mandate of the EU maritime security operation, EUNAVFOR ASPIDES, until 28th February 2026. The extension follows a strategic review of the mission and includes a reference budget of over
  • 17 million for the period.

The European Union has decided to extend the mandate of Operation Aspides, a naval mission aimed at safeguarding maritime navigation in the Red Sea, for another year. This decision comes in response to ongoing threats from Yemen's Houthi rebels, who have been attacking commercial shipping in the region. The operation, which began in February 2024, involves European warships and airborne early warning systems to protect vessels from drone and missile attacks. The extension reflects the EU's commitment to ensuring the safety of one of the world's most critical maritime corridors, which is vital for global trade, particularly for the transport of oil and goods between Europe and Asia.

Read the Full MSN Article at:
[ https://www.msn.com/en-ae/politics/government/european-union-extends-operation-aspides-mandate-to-safeguard-red-sea-navigation/ar-AA1z9kZl ]