The Spanish EU president said early Friday that EU negotiators had struck a deal to boost Ukraine’s long-term ammunition and missile supplies.
Representatives from EU member states and the European Parliament have agreed on a plan to offer financial incentives to Europe’s defense sector in order to swiftly increase production capacity.
The European Commission announced the proposal in May, and it would be supported with 500 million euros (544 million US dollars) from the bloc’s combined budget.
“This is yet another proof of the EU’s unwavering commitment to supporting Ukraine,” said Spanish Defense Minister Margarita Robles.
It would also boost the European Union’s defense technology and industrial foundation, eventually safeguarding EU citizens’ long-term security and defense, she added in a statement.
So far, EU member nations have failed to provide Ukraine with enough ground-to-ground and artillery ammunition, as well as missiles, to fend against Russia’s invasion.
The rise in production is aimed at preventing further bottlenecks for the Ukrainian armed forces, as well as guaranteeing that EU nations can protect themselves and retain enough inventories.
The accord must yet be formally approved by the EU’s member states and parliament.
According to EU sources, the law might be officially enacted and implemented before the end of July. (dpa/NAN)
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