"EU Faces Challenges in Restocking Ukraine's Ammo Supplies Quickly"

1 min read
Source: POLITICO Europe
"EU Faces Challenges in Restocking Ukraine's Ammo Supplies Quickly"
Photo: POLITICO Europe
TL;DR

The EU is finalizing a €2 billion deal to restock Ukraine's ammunition supplies, with €1 billion to partially reimburse countries that can immediately donate ammunition from their own stockpiles and €1 billion to jointly purchase new ammunition. The European Defense Agency may play a role in coordinating the joint procurement efforts, and the plan covers not just EU countries but Norway as well. The EU is tapping the European Peace Facility to cover the losses of countries dipping into their stockpiles and funding new ammunition buys.

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