(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 1. The
European Parliament will vote on the plan developed by the European
Commission to establish large-scale production of ammunition in the
EU countries at a mini-session to be held on June 1 in Brussels,
This plan is aimed at ensuring the supply of
ammunition to Ukraine and replenishing the EU's own reserves.
The EU will allocate 500 million euros from its budget
and up to 1 billion euros from the extra-budgetary European Peace
Fund to finance this plan.
The regulatory act on the support of ammunition
production provides for limited support measures, including the
allocation of subsidies in the amount of 500 million euros from the
budget of the EU. This will allow the development of production
capabilities in the EU and provide the necessary amount of
ammunition, missiles, and their components.
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