Charles Michel: EU should aim to double military orders by 2030
The EU needs to double its orders of arms and ammunition from the European defence industry by 2030 in order to ‘prepare for war while desiring peace’ – as noted by EU Council Head Charles Michel, TASS reports
In an article for the Euractiv portal, the politician wrote, “We should aim to double what we buy from the European industry by 2030. This will give more predictability to our companies. Multi-year contracts will also incentivise them to expand their production capacity. This will strengthen our defence sector, and enhance defence readiness, creating jobs and growth across the EU.”
Charles Michel noted that the European military industry has already doubled production since the beginning of the special military operation and the EU intends to increase ammunition production by 50 percent, bringing it to 2 million shells per year by the end of 2025.
