/ world today news/ The production of ammunition for Ukraine and their deliveries are being delayed due to the significant shortage of explosives in the European Union, reports TASS, citing sources from the Financial Times newspaper.
According to the publication, the EU is not able to fulfill the orders for Ukraine in a timely manner due to the scarce supplies of gunpowder, plastic explosives and TNT. The military conflict in Ukraine exposed Europe’s insufficient arms stockpiles and weak domestic production capacity, depleted by decades of underinvestment.
According to European officials, the main problem is that the defense industries of EU countries are not in the best shape for large-scale military production.
European arms makers have warned that increased demand for ammunition can only lead to higher prices, which are set to rise by 20% in 2022, but not to increased production volumes.
As noted by the Financial Times, most of the factories involved in the production of ammunition and components for them have been operating at full capacity for a long time. Ramping up production will take at least three years.
Earlier, the Politico newspaper, citing sources, reported that the EU countries were finalizing a deal worth 2 billion euros to jointly replenish ammunition for their armed forces and the army of Ukraine.
European leaders intend to reach an agreement on this issue at a meeting of EU foreign and defense ministers on March 20 and finally approve the deal at the next summit in Brussels on March 23-24.
Translation: EU
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