EU pledges $551 mn to bolster ammo output in Europe
The European Union is setting aside €500 million ($551 million) to boost manufacturing of artillery shells, missiles and gunpowder in an effort to speed up production of ammunition for Ukraine and galvanise the bloc’s defence industry.
Among a raft of measures, the European Commission proposed the funds to co-finance projects alongside EU governments. It offered around half of the funding for firm to ramp up output capacity or refit old stocks of ammunition. Bloomberg
US announces $300-million new military aid
The United States on Wednesday announced a new $300 -million military aid package for Ukraine that features a slew of ammunition ahead of a planned offensive against invading Russian forces. The package “includes additional ammunition for US-provided HIMARS (rocket launchers), additional howitzers, artillery and mortar rounds, and anti-armour capabilities that Ukraine is using to push back against Russia’s unprovoked war of aggression,” the Defense Department said. agencies
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