As Defence Industry Europe reported, the Commission proposes to allocate a budget of €500 million in current prices. This budget comes from the redeployment of different instruments, in particular the European Defence Fund and the future EDIRPA.
“Ukraine is heroically resisting the brutal Russian invader. We stand by our promise to support Ukraine and its people, for as long as it takes. But Ukraine’s brave soldiers need sufficient military equipment to defend their country”, said President of the European Commission Ursula von der Leyen.
“Europe is stepping up its support on three tracks. First, Member States are delivering additional ammunition from their existing stocks, with new European Peace Facility support of 1 billion euros. Second, together with Member States, we will procure jointly more ammunition for Ukraine – and we are making available an additional billion euro for that,” stressed von der Leyen.
“And today, we are delivering on the third track. Ramping up and speeding up the defence industrial production of ammunition in Europe. This will help supply more ammunition for Ukraine to defend its citizens and it will also strengthen our European defence capabilities. Together with the Member States, we will mobilise a further 1 billion euro to ramp up capacities across Europe. This is a critical part of Europe‘s strategic capacity to defend its interests and values, and help maintain peace on our continent”, said Ursula von der Leyen.