The European Union committed €500 million ($553 million) on Wednesday to beefing up the bloc’s ammunition production lines to better supply Ukraine, saying member states would match the sum with individual contributions.

The total of €1 billion to bolster output from factories across Europe will add to another €2 billion already committed by the EU to compensate members who donate their existing ammunition stocks to Kyiv as well to the joint purchase of fresh stocks to help halt Russia’s invasion.

https://www.defensenews.com/global/2023/05/03/eu-pledges-over-1-billion-to-refresh-its-arms-factories-for-ukraine/