EU Shifts to "War Economy": Unveils Defence Strategy Amid Russian Threat

March 5, 2024
EU Shifts to "War Economy": Unveils Defence Strategy Amid Russian Threat
  • The European Commission has launched the European Defence Industrial Strategy and the European Defence Investment Programme in response to Russia's aggression in Ukraine.

  • A shift towards a 'war economy' in Europe indicates an end to the era of peace dividends and a move to rearmament.

  • The initiatives aim to lessen European dependence on the US for defense, amidst concerns over potential changes in US support.

  • French President Emmanuel Macron is championing European unity in defense, with a focus on supporting Ukraine against Russian hostilities.

  • Plans include hosting a defense industry forum with Ukraine and potentially appointing a European Commissioner for Defence to manage these efforts.

  • The EU is taking urgent action to ensure its armies are adequately equipped to meet current security challenges and is reinforcing its defense partnership with Ukraine.

Summary based on 23 sources


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