Overview

• The EU has unveiled a strategy to address seven key military capability gaps, including air defense, missile defense, and drones, by 2030.
• A 150-billion-euro loan program and relaxation of EU debt rules aim to support member states' defense investments over the next four years.
• The plan emphasizes joint procurement of military equipment to enhance interoperability and reduce costs across EU nations.
• European leaders are debating the financing mechanisms for the defense initiative, with disagreements over shared debt obligations like Eurobonds.
• The EU has proposed delivering two million artillery shells worth five billion euros to Ukraine while maintaining sanctions on Russia.