The European Union defense industry does not have enough money to produce the necessary amount of weapons to be sent to Ukraine and the needs of EU member states. This was stated by the head of EU diplomacy Josep Borrell at a press conference in Brussels. TASS.
“Financing is fundamentally important. “We need financing to respond to current demand,” the diplomat said.
Reuters this week I learned aboutHe said that the European Commission (EC) will offer the EU ways to promote the military industry so that the political union can switch to “war economy” mode in the environment of the ongoing conflict in Ukraine. The relevant plan will be put forward by European Internal Market Commissioner Thierry Breton.
Also the European Commission planned Using future profits from reinvesting frozen assets of the Russian Federation in the Ukrainian defense industry. This was reported by the Financial Times newspaper.
Formerly French Ministry of Foreign Affairs warned About the critical blow to the EU economy if Russia wins against Ukraine.