Posted: 29.11.2023 14:08:00

Lithuania to spend more than 3.1bn Euros on ammunition stocks

At least 3.1 billion Euros will be allocated by Lithuania over ten years for the formation of ammunition stocks of all types, TASS reports with reference to the country’s Defence Ministry


The Lithuanian Minister of National Defence, Arvydas Anusauskas, was quoted as saying, “Along with the acquisition of modern military equipment, considerable attention is paid to the arsenal of ammunition, and 3.1bn Euros will be allocated to create the necessary reserves over the next 10 years.”

It is also reported that 90 percent of this sum will be directed to the ammunition, and another 10 percent will be spent on various engineering means.

According to the Lithuanian Ministry of National Defence, over the past three years, allocations for the purchase of ammunition have tripled. “In 2021-2023, almost 750m Euros were allocated for these purposes. 16 percent of the defence budget is allocated annually for the formation of the ammunition reserve," the source noted.