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03-05-2023, 10:06 AM
Published May 3, 2023
Updated May 3, 2023
BRUSSELS : The European Union's executive wants to set aside more than 500 million euros (US$550 million) to increase ammunition production to help Ukraine and replenish the stocks of EU member countries.
Under a plan to be presented by the European Commission on Wednesday, the EU would give subsidies to European arms firms for investments that increase production of ammunition and missiles.
"When it comes to defence, our industry must now switch to war economy mode," Thierry Breton, the commissioner for the EU's internal market
https://www.todayonline.com/world/eu-pla...ne-2163391
Updated May 3, 2023
BRUSSELS : The European Union's executive wants to set aside more than 500 million euros (US$550 million) to increase ammunition production to help Ukraine and replenish the stocks of EU member countries.
Under a plan to be presented by the European Commission on Wednesday, the EU would give subsidies to European arms firms for investments that increase production of ammunition and missiles.
"When it comes to defence, our industry must now switch to war economy mode," Thierry Breton, the commissioner for the EU's internal market
https://www.todayonline.com/world/eu-pla...ne-2163391
