€500 million for the defense of the EU

Military equipment and ammunition stocks need to be replenished across Europe: Since Russia’s invasion of Ukraine, member states have sent many weapons to Ukraine. Now, more howitzers, ammunition, anti-aircraft missiles and anti-tank missiles need to be purchased – and quickly.

On Tuesday, the EU Commission presented a new joint procurement instrument that will allow buying at least a part of the required new equipment for member states. For this purpose, €500 million will be allocated from the EU budget for two years (probably 2023/2024). The Commission will not finance the direct arms purchases themselves, but will use the money to provide an incentive if three or more member states want to jointly procure weapons.

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