Skip to content
Edit post

EU to announce 1 million shell production plan per year

by The Kyiv Independent news desk May 2, 2023 11:30 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Thierry Breton, the European Commissioner for Internal Market, will announce the plan to produce 1 million shells per year on May 3, the AFP reported.

The plan aims to meet Ukraine's military needs and replenish the EU's reserves. It will reportedly use 500 million euros from the EU budget.

The funds will be used to finance new production lines for howitzer shells and rockets, increase the production of gunpowder and modernize old ammunition.

Funds from the EU budget will finance about 50% of projectile production projects, and member states will have to find the other half, as the total cost of the plan is expected to reach 1 billion euros.

"When it comes to defense, our industry must switch to a military economy mode," Breton said.

The EU has already pledged to spend 2 billion euros on providing Ukraine with 1 million artillery shells over the next year by using stockpiles and placing joint orders.

However, the plan has stalled due to dissensions between France and Poland over whether funds can be allocated to producers outside the European Union, including from the U.S. and the UK, according to Politico.

Kate Tsurkan: One war, multitudes of pain
Editor’s Note: The opinions expressed in the op-ed section are those of the authors and do not purport to reflect the views of the Kyiv Independent. One of the first things I noticed in Kharkiv, besides the boarded-up windows and shrapnel holes in the sidewalks, were the street signs


News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:57 PM

Putin holds talks with Assad in Moscow.

According to the readout, Syrian leader Bashar al-Assad said he was "happy to see" Russian President Vladimir Putin again and emphasized that "relations between our nations have been based on trust, which is evidence of our nations' maturity."
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.