European Parliament approves plan to increase ammunition production

According to the press service of the European Parliament, the legislation was adopted with 446 votes to 67, with 112 abstentions.

MEPs will now start negotiations with the EU Council, with the aim of reaching a political agreement, which MEPs would then vote on in plenary in July.

"Today's decision marks a significant step forward for the security and defence of our Union, and particularly in our steadfast support of Ukraine in the face of the ongoing Russian aggression. It will boost our capacity to respond to security challenges. It is a victory for Europe and for our collective security. Parliament is now ready to negotiate with Council and we hope to reach an agreement as soon as possible,” the EP’s negotiating team leader, Cristian Bușoi said.

As reported by Ukrinform, the European Commission on May 3 adopted the Act in Support of Ammunition Production (ASAP), in compliance with the decision of the European Council to increase the capabilities of the European defense industry, including for the urgent supply of ammunition to Ukraine to ensure its right to self-defense.

The Commission proposes to allocate a budget of EUR 500 million in current prices. This budget comes from the redeployment of different instruments, in particular the European Defense Fund and the future European Defense Industrial Reinforcement through common Procurement Act (EDIRPA).