EU Eyes Funds of Up to €500 Million to Help Ammunition Firms
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The European Union plans to spend as much as €500 million ($544 million) to support ammunition producers through the bloc’s budget, European Commissioner Thierry Breton said in an interview.
The funds would come on top of the €2 billion agreed by foreign and defense ministers earlier this week as the EU aims to provide Ukraine with 1 million rounds of artillery ammunition over the next year, a goal that leaders are expected to sign off on at a two-day summit in Brussels which started Thursday.