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EU countries are ready to make a decision on joint purchases of ammunition for Ukraine in March – media

KYIV. Feb 20 (Interfax-Ukraine) – As early as March, EU countries may agree on a joint purchase of ammunition for Ukraine, Bloomberg said.

“A proposal unveiled this week by Estonia to invest around 4 billion euros ($4.3 billion) to jointly purchase a million ammunition has received tentative support from the Netherlands and Romania. EU foreign ministers are expected to discuss the project during their meeting in Brussels on Monday. and a final decision could be made at a meeting of the bloc’s leaders in March,” Bloomberg said in a report on Sunday.

According to the agency, Dutch Defense Minister Kajsa Ollongren, in an interview on the sidelines of the Munich Security Conference, said: “This is very good, since ammunition is a problem – Ukraine needs a large amount, and we also need to increase our stocks. Now we are doing this at the national level, and I would also support and promote doing it on a large scale.”

“A joint procurement mechanism can be discussed, but there are few alternatives to a joint investment and procurement approach, as the market on its own would not be able to withstand a massive expansion without government guarantees,” Estonian Foreign Minister Urmas Reinsalu said at the conference.

According to Reinsalu, a number of companies have welcomed the proposal. He compared these efforts to the EU’s joint procurement of vaccines during the pandemic and green investment.