EU strikes deal to boost ammunition production to aid Ukraine

An employee works at a production line of 155 mm artillery shells at the plant of German company Rheinmetall, which produces weapons and ammunition for tanks and artillery, during a media tour in Unterluess, Germany, June 6, 2023. REUTERS/Fabian Bimmer/File Photo

BRUSSELS (Reuters) - The EU will devote 500 million euros to boosting the production of ammunition for Ukraine and to replenish the stocks of EU member countries, it announced on Friday.

The European Council and European Parliament representatives struck a provisional agreement overnight and it is expected to enter into force before the end of this month.