European Parliament approves plan to increase ammunition and missile production

The European Parliament approved the Act in Support of Ammunition Production to increase the defense industry’s capabilities. This will make it possible to overcome the current shortage of weapons, as well as to speed up supplies to Ukraine, the EP reported.

“By introducing targeted measures, including €500 million in financing, ASAP aims to ramp up the EU’s production capacity to address the current shortage of defence products, specifically artillery ammunition, missiles and their components,” the European Parliament added. 

The legislation was adopted with 505 votes to 56, with 21 abstentions. The act also aims to “help member states replenish their stocks.”

“Today’s vote marks another step forward for Europe’s security and defence, and in our steadfast support of Ukraine in the face of the ongoing Russian aggression. We delivered on the most urgent aspect of the law: ensuring the provision of more ammunition for Ukraine. It is a testimony of Europe’s solidarity and for our collective security,” EP negotiating team leader Cristian Bușoi stated.

The act now also needs to be endorsed by Council to become law.