According to the agreed 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. By introducing targeted measures, including €500 million in financing, ASAP aims to ramp up the EU’s production capacity to address the current shortage of defence products, specifically ground-to-ground and artillery ammunition, missiles and their components.

During negotiations, MEPs pushed for a lower financing rate of projects, to ensure that a more diverse range of projects receive funding. Small and medium-sized enterprises (SMEs) would be eligible for a higher funding rate. MEPs also secured that the new financing should not come at the expense of existing cohesion funding.

They also insisted on including wording in the legislation to ensure that EU countries will provide Ukraine with the ammunition funded under this legislation, without it being subject to export…