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The European Union has agreed on a plan to
ramp its production of artillery
shells to 1 million units annually, French news agency AFP reported on May
2. The EUR 1 billion ($1.1 billion) program will be funded by the EU allocating
EUR 500 million to it, with the same amount contributed by individual member
states.
Thierry Breton, EU Commissioner for Internal Market, stated that the European defense industry must switch to a military economy as it is currently unable to meet the security demands of Ukraine and EU countries.
Ukraine is currently facing a shortage of artillery shells, which limits their military usage, and on April 22, an unnamed EU representative said the bloc is preparing to spend one billion euros for joint artillery ammunition purchases for Ukraine.
On March 20, EU countries agreed to purchase one million artillery rounds for Ukraine.
Financial Times reports indicate that Ukraine has asked the EU to send 250,000 artillery shells every month to the Ukrainian armed forces to address the deficit, while Defense Minister Oleksiy Reznikov stated that millions more are required.
During an informal meeting in Stockholm in March, EU defense ministers backed a proposal by the head of European diplomacy Joseph Borrell to utilize EUR 1 billion from the European Peace Fund to resupply Ukraine from available stocks. Borrell added that another EUR 1 billion could be used for joint ammunition procurement.
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