Loading...
Market
Will EU increase investment in Ukraine's arms industry by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the European Union or credible news outlets
Story
EU Invests $440 Million (€440 Million) in Ukraine's Expanding Arms Industry
Oct 13, 2024, 10:55 PM
The European Union is investing $440 million (€440 million) in Ukraine's rapidly expanding arms industry to address the country's urgent need for weapons and ammunition amidst the ongoing conflict with Russia. Due to the inability of European defense sectors to meet these demands, the EU has decided to support Ukraine's independent production efforts, including direct purchases of weapons from manufacturers. Ukraine has significantly ramped up its arms production, tripling output in 2023 and doubling it again in the first eight months of 2024. This investment marks a substantial shift in the EU's approach to the conflict, highlighting both the bloc's commitment to supporting Ukraine and the limitations of its own defense capabilities.
View original story
Similar markets
Yes • 50%
No • 50%
Significant increase • 25%
Moderate increase • 25%
No change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Both targets met • 25%
Only drone target met • 25%
Only missile target met • 25%
Neither target met • 25%
United States • 25%
United Kingdom • 25%
Germany • 25%
Other • 25%