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Dutch Call on EIB and Pension Funds to Invest in Defense Sector

Kajsa Ollongren

Kajsa Ollongren

Photographer: Valeria Mongelli/Bloomberg

The Netherlands’s defense minister, Kajsa Ollongren, called on the European Investment Bank to invest in the defense industry and said the Dutch government is already putting pressure on pension funds to fund the sector as the European Union struggles to supply Ukraine with sufficient artillery munitions.

“We need to have a highly capable defense industry in the European Union and the Netherlands and for that you have to invest, you have to innovate and you need funding,” she said in an interview from her office in The Hague. “If it’s not coming from big pension funds or banks then there is a real issue.”