EU Council, European Parliament agree on plan to increase production of ammunition, missiles

The Council of the European Union and the European Parliament have agreed on a draft regulation Act in Support of Ammunition Production (ASAP), which provides for the production of up to one million projectiles per year, reported from Ukrainska Pravda.

This decision will make it possible to urgently allocate €500 million from the EU budget to increase ammunition and missile production.

At the same time, a plan will be implemented to ensure a long-term increase in ammunition production in Europe for Ukraine and EU member states.

"Thanks to today’s record-time agreement on ASAP, the EU will bolster and speed up Europe’s own production of ammunition and missiles. This is yet another proof of the EU’s unwavering commitment to supporting Ukraine, strengthening the EU’s defense technological and industrial base, and ultimately ensuring the long-term security and defense of EU citizens,” said Margarita Robles, defense minister of Spain, the country that currently presides over the EU Council.

Now the agreement must be approved by the EU Council and the European Parliament. It is expected that it will be signed and take effect by the end of July

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