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Defense Production

All articles tagged with #defense production

world1 month ago•2 min saved

EU to release €90bn Ukraine loan in Q2 as defense push gains steam

EU economy commissioner Valdis Dombrovskis said the bloc will start releasing a new €90 billion loan to Ukraine in the second quarter, underscoring continued support and sanctions pressure on Russia during IMF/World Bank meetings; he warned Moscow may profit from the Iran-related conflict. Separately, Ukraine faced a major Russian drone/missile assault that killed dozens and strained interceptors, while European leaders at the talks urged faster, larger-scale defense production and greater military output to back Kyiv.

via The Guardian|

#defense-production #eu-finance #europe-union

defense2 years ago•2 min saved

"NATO's Battle Against Rising Ammunition Prices Hinders Security and Calls for Private Investment"

A top NATO military official has expressed concern over the rising prices of ammunition, stating that increased defense spending does not necessarily lead to greater security. The official called for more private investment in defense companies to ramp up production capacity and urged pension funds and banks to view defense investments as strategic rather than unethical. The shortage of 155mm artillery rounds has been a major concern, with Ukraine firing up to 10,000 shells per day. The official emphasized the need for long-term stability and highlighted the impact of the war on Ukraine's economy. Despite the ammunition shortage, there is no correlation between the shortage and the progress of the counteroffensive in Ukraine. NATO is planning its largest collective defense drills since the Cold War in 2024.

via Reuters|

#ammunition-prices #defense #defense-production