Brussels offers new European funding for joint arms purchases

Replenish European arms stocks depleted by support for Ukraine. This is the objective of the European Commission, which offers the Member States European funding of 500 million euros to facilitate the joint purchase of weapons in order to urgently replenish the stocks reduced by support for Ukraine.

Modify tax rules for weapons

In February, the European Union announced plans to change gun tax rules to “drive innovation and address strategic dependencies.”

Between these behaviour, an exemption from value added tax (VAT) is expected from 2023, indicated the European Commissioner Thierry Breton. But with an initial endowment of 500 million euros, the construction of a common defense Europe is starting on modest foundations.