European Union Creates A Deal To Restock Ukrainian Army
(AmericanProsperity.com) – Russia’s incursion into Ukraine sheds light on the need for global defense measures. Tensions between the Kremlin and its European neighbors are far worse than previously estimated. At the same time, military operations have revealed just how ill-equipped most countries are to handle the threat of an attack. On Wednesday, May 18, the European Union (EU) asked its leaders to do whatever they could to step up arms production to meet the current demand.
Cash Up for Grabs
The EU is apparently offering incentives to member countries that are willing to work together in the effort. The European Commission, the organization’s executive branch, says it will set aside €500 million, or roughly $526 million, for the project over a two-year period.
Officials hope to convince all 27 members to replace weapons and ammunition depleted in the ongoing effort to assist Ukraine. Their goal is to empower each country to continue offering aid while also replenishing individually-owned stockpiles.
Coming Together for a Cause
EU countries have collectively donated a significant supply of ammunition, missiles, warplanes, and tanks to the defense effort in Ukraine. While some would consider that level of generosity admirable, strained supply lines also open the door to extreme defensive gaps and future threats.
Countries will work together in groups of at least three moving forward. In addition to rearming members, the commission also seeks to organize stock production so that no one region overproduces a single item or fails to identify deficits in others.
The effort also pushes for replacing Soviet-era tanks and other vehicles EU members sent to Ukraine earlier in the conflict. Ukrainian forces are familiar with the older technology but are also eager to obtain upgrades.
The EU hopes the new program will carry additional benefits for member countries on a long list of other fronts. Many European countries have quietly reduced their military assets over the past decade or so, rendering them more vulnerable to attacks.
The task force also believes the incentives will boost the production of drones with airplane fueling capabilities, encourage naval resource improvements, bolster vehicle armories, and expand available missile defense systems. It also wants to update cybersecurity and bloc defense technology, all of which will help member countries get back on track.
Will EU members step up to the task? With so much money on the table, it’s a safe bet several countries will feel motivated to volunteer in the effort.
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