EU Greenlights Historic Joint Defense Procurement for Ukraine Aid

The European Union has approved €300 million in funding for five joint defense-procurement projects, marking the first time the EU uses its budget for common defense purchases. This initiative aims to enhance the bloc's defense capabilities in response to Russia's invasion of Ukraine and reduce reliance on the U.S. for security. The funding will support projects including air defense systems and armored vehicles, with the goal of improving interoperability and strengthening the European defense industry. The EU aims for member states to procure at least 40% of their defense equipment together by 2030.