LondonCNN —
After months of soaring stock prices, Europe’s defense companies hardly needed another boost. But a tentative €2 billion ($2.1 billion) European Union plan to procure ammunition for war-torn Ukraine may provide just that.
EU defense ministers wrapped up a two-day summit in Sweden this week. The outcome was a provisional agreement to jointly buy 155-millimeter artillery shells desperately needed by Kyiv, and send more artillery rounds to Ukraine from EU countries’ existing stockpiles.
Speaking in Stockholm Wednesday, Ukraine’s Defense Minister Oleksii Reznikov said his country needed one million rounds of ammunition “as soon as possible” to deter Russian forces.
A final decision is expected on March 20 when EU foreign and defense ministers meet in Brussels.
https://edition.cnn.com/2023/03/09/business/europe-procurement-weapons-ukraine/index.html
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