The European Parliament Thursday adopted a legislation to increase EU production of ammunition and missiles to address the current shortage.
According to the adopted text, the Act in Support of Ammunition Production (ASAP) aims to accelerate the delivery of ammunition and missiles to Ukraine and to help member states restock their arsenals, said an EP statement.
ASAP which includes 500 euro million (USD 559 million) in financing, aims to ramp up the EU's production capacity to address the current shortage of arms products, specifically artillery ammunition, missiles and their components.
The legislation was adopted with 505 votes to 56, with 21 abstentions. It now also needs to be endorsed by the Council of the EU in order to become law.
Source: Kuwait News Agency