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Today, @EU_Commission adopts the Act in Support of Ammunition Production (ASAP). With €500 million coming from the #EUbudget, ASAP will boost EU security & will support Ukrainian armed forces.
#EUDefenceIndustry #StrongerTogether
🔗https://ec.europa.eu/commission/presscorner/detail/en/ip_23_2569
🐦🔗: https://n.respublicae.eu/MamerEric/status/1653702956338888705
ASAP aims to:
➡️ramp-up manufacturing capacities
➡️facilitate access to finance in the ammunition and missile field through the 'Ramp-up Fund'
➡️secure critical input supplies
➡️address bottlenecks in production to speed up delivery rates
🐦🔗: https://n.respublicae.eu/MamerEric/status/1653702959442587652