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- The European Union is allocating half of a €2 billion aid package from frozen Russian assets to enhance Ukraine's arms production, aiming for self-reliance and to alleviate pressure on European stocks.
- Military analysts suggest that this funding could reduce Ukraine's reliance on foreign military aid and enhance Europe's defense capabilities.
- Several European defense firms, such as Rheinmetall and BAE Systems, are establishing manufacturing in Ukraine for military supplies, including armored vehicles.
- Members of the European Parliament are set to vote on the European Defence Industry Programme, which proposes a €1.5 billion budget for boosting defense production capacity across Europe.
33 Articles
33 Articles
European Union (EU) lawmakers are seeking to speed up the adoption of a long-delayed €1.5 billion package to boost Europe's defense industry.
Europe is shifting from supplying weapons to Ukraine to funding its defense industries
Ukrainian long-range drones on display in Kyiv in 2024.NurPhoto/NurPhoto via Getty ImagesThe EU is providing funds to help boost Ukraine's domestic arms manufacturing.It's a strategy to make Ukraine more self-reliant and ease pressure on Europe's own stockpiles.Ukraine is a far cheaper place to manufacture weapons at scale, one expert told BI.European countries are shifting their strategy when it comes to Ukraine, aiming to boost the country's c…
The European Parliament has given its first green light to the Program for the European Defense Industry (EDIP) proposed by the Commission, which aims to dictate investment times and quotas in the sector and thus designs the future strategy of the Union in the field of production and development of weapons and defense systems, with a fund of 1.5 billion euros from the EU budget for the period 2025-2027 to support industry and joint contracts. Th…
The Monopoly Commission writes a letter of fire to the EU and the German government. It advocates a change of course in the procurement of defence products – and has some demands.
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- 50% of the sources lean Left
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