EU Must Spend $4 Billion on Ammunition for Ukraine, Estonia Says
- Estonian proposal urges seven-fold boost to European capacity
- Ukraine has asked for one million shells to fend off Russia
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European Union nations should invest around €4 billion ($4.3 billion) to jointly procure the 1 million rounds of ammunition that Ukraine says it needs this year to beat back Russia’s invasion, according to a proposal by Estonia sent to the bloc’s member states.
Russia is currently firing the same amount of ammunition in a single day in Ukraine that Europe can produce in a month. The EU urgently needs to increase its defense industrial capacity to help Ukraine’s military sustain the fight, Estonia argued in a paper sent to member countries and seen by Bloomberg.