Ukraine plans to use up to €1 billion of EU loan for joint weapons production
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Ukraine plans to allocate up to €1 billion from its €90 billion loan package from the European Union to joint defence projects with European partners. This is reported by the Interfax-Ukraine agency. The aim of such projects is to develop weapons production together with European countries.
The EU loan is part of the support for Ukraine. Its funds can be used for various needs, including defence. A portion of these funds is earmarked for joint projects that will help increase the volume of military products.
Joint weapons production allows partner states to pool resources and technologies. For Ukraine, this is also a way to meet its defence needs and develop its own defence industry.
For now, details of specific projects and their implementation timelines have not been specified. Further information on the use of the funds will appear later.
Sources: Інтерфакс-Україна
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