European Parliament approves plan to increase production of ammunition, missiles

The European Parliament approved plans to increase the production of ammunition and missiles in the European Union to overcome the current shortage. The document will enter into force after approval by the European Council, Report informs via RBC-Ukraine.

The Act in Support of Ammunition Production (ASAP) is designed to speed up the supply of ammunition and missiles to Ukraine and help member countries replenish their arsenals.

"By implementing targeted measures, including €500 million in funding, ASAP seeks to increase the EU's production capacity to address the current shortage of defense products, in particular artillery ammunition, missiles and their components," the document says.