European Commission proposes new strategy to shift EU defence industry to "war economy mode".

The European Commission has proposed a new strategy and programme to stimulate the EU's defence industry and shift it to "war economy mode" in response to Russia's invasion of Ukraine. EU Industry Commissioner Thierry Breton is set to outline proposals to encourage EU countries to buy more weapons from European companies and increase their production capacity. The European Defence Industrial Strategy (EDIS) aims to achieve defence industrial readiness in the European Union and move the industry away from a peace-time basis to meet increased European investment demands.

March 04, 2024
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