EU pre -agreed allocation of € 500 million per shells

The European Parliament has reached a preliminary agreement on the adoption of the “Law on Supporting the Production of Muners”, which is part of the strategy to strengthen European defense and support Ukraine.

The adoption of this law will urgently send 500 million euros from the EU budget to expand production facilities for the production of artillery ammunition and missiles.

The EU financial support will be provided by European defense industry enterprises in the form of a grant.

It is expected that the agreement will enter into force until the end of July.