Brussels proposes a 500 million plan to boost ammunition production

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The supply of ammunition and missiles to Ukraine remains a priority for the European Union (EU). The Twenty-Seven have spent months debating the need to increase the production of the European defense industry in order to provide Kiev with everything it needs to defend itself against Russia and also to replenish the arsenals of European countries. To achieve this, the European Commission is proposing a plan with an initial budget of €500 million to provide direct support to the defense industry that wants to modernize and accelerate munitions production in Europe. This funding comes from the redistribution of the European Defense Fund. The Brussels plan aims to introduce “clear funding targets” for the manufacture of ammunition and its components. “The European defense industry must be able to meet this demand and prioritize supplies to Ukraine. In addition, in the long term, we must be able to meet the challenges facing Europe,” said Internal Market and Services Commissioner Thierry Breton. Brussels assures that the plan is an “urgent matter” and hopes to reach an agreement with member states and the European Parliament by the end of June. Related News War in Ukraine standard If “There is a battle every two hours, a single unit can take out 50 enemies a day” Miguel Pérez Ukrainians and pro-Russians confirm the hell of Bakhmut, where the US and Moscow calculate that 35,000 soldiers died in four months The President of the European Commission, Ursula von der Leyen, stressed that the EU “will continue to support Ukraine as long as necessary” and that within that aid, the provision of military equipment “is essential”. The EU is already supplying additional ammunition through the European Peace Facility worth €1 billion. Joint ammunition purchases – budgeted at another $1 billion – are also expected to supply Kiev with more ammunition. The third step, which this Wednesday’s proposal focuses on, aims to boost and accelerate European defense production.
Source: La Verdad

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