European NATO countries are ready to spend almost $500B on defense; the EC has already allocated €500M to increase ammunition production. The threat posed by Russia forces has convinced NATO countries to arm themselves, and they also need to arm Ukraine, Secretary General Jens Stoltenberg said. He added that this year, the combined defe... #ArtilleryShells #DefenseIndustryEU #JensStoltenberg #MilitaryAidforUkraine #NATO #WeaponsProduction
Borrell supports issuing bonds for the defense of the EU and using Russian asset revenues for Ukraine. The EU can issue bonds to finance defense needs, as Russia threatens the bloc’s security, said the head of EU diplomacy, Josep Borrell. Debates have recently begun on the prospect of the EU assu... #DefenseIndustryEU #JosepBorrell #militarybonds #RussianAssets #WeaponsforUkraine
The EC reveals the details of the EU’s defense strategy. Vice President of the European Commission Margrethe Vestager said the new system should allow the EU to move from a crisis response regime to a structural defense readiness regime that closely integra... #DefenseIndustryEU #MargretheVestager #UkraineDefensePurchases #WeaponsProduction
The EU is preparing to transfer its economy to military rails. The EC will propose ways to intensify the work of the European defense industry to respond more effectively to Ukraine’s war needs and future security challenges. This refers to proposals that EU coun... #DefenseIndustryEU #EDIP #EUdefense #EUEconomy #EUUkraine
The EU’s new defense industry strategy envisages using Russian assets to finance Ukraine’s defense industry. The EC has presented a legislative proposal regarding the European Defense Industry Program (EDIP), which would allow for future financing of support for Ukraine’s defense-industrial complex at ... #DefenseIndustryEU #EDIP #EUdefense #Euroclear #RussianAssets
The European Commission proposes the creation of a €100B defense fund. European Commissioner for Internal Trade Thierry Breton called on EU member states to create a €100B defense fund and to increase arms production to match the output of the Russian Federation, writes ... #AmmunitionForUkraine #DefenseIndustryEU #EuropeanDefenseFund #ThierryBreton #WeaponsProduction
The EU and NATO are mobilizing the defense industry to provide Ukraine with the means to defeat Russia. At the beginning of the war, the EU had to adapt its defense industry to wartime conditions. Europe will increase its military aid to Ukraine to 480,000 shells by the end of the year, and next year it... #DavidCameron #DefenseIndustryEU #EUdefense #MilitaryAidforUkraine #UrsulavonderLeyen #WeaponsforUkraine
The EU approves tools for stimulating joint defense orders. The Council of the EU has decided to implement an instrument for boosting the European defense industry, EDIRPA, which will encourage joint defense procurement and increase the capabilities of defense... #DefenseIndustryEU #DefenseProjects #EDIRPA #EUdefense