According to the text, agreed upon with Council last week, 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 artillery ammunition, missiles and their components.

During negotiations with Council, MEPs ensured that a more diverse range of projects receive funding, and that small and medium-sized enterprises (SMEs) would be eligible for a higher funding rate. They secured new financing that should not come at the expense of existing cohesion funding. MEPs also pushed to ensure that EU countries will provide Ukraine with the ammunition funded under this legislation, without it being subject to export restrictions.

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EP negotiating team leader Cristian Bușoi (EPP, RO) said:…