EU approves over $1B for ammunition and military aid to Ukraine.

The European Council has approved a €1 billion assistance measure under the European Peace Facility (EPF) for the procurement of ammunition and missiles for Ukraine. The measure will finance the provision of 155-mm-calibre artillery rounds and missiles to the Ukrainian Armed Forces, which will be jointly procured by EU member states from the European defence industry. The procurement contracts or purchase orders will need to be concluded before 30 September 2023 in the context of an existing European Defence Agency (EDA) project or through complementary joint acquisition projects led by a member state.