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Will Ukraine be the largest arms producer in Europe by end of 2025?
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Reports from European defense industry analysis 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.
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