EU Plans Joint Investment Tools to Boost Defense Spending
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The European Union is working on new investment instruments to fund the bloc’s military spending as part of an overhauled defense strategy following Russia’s invasion of Ukraine, according to a draft report seen by Bloomberg.
The set of instruments -- collectively dubbed Defend-EU -- would enable the bloc “to map, coordinate and incentivize joint development, procurement and ownership across the full life cycle of defense equipment,” the document says.