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Home News Economy

EU Mulls Decision on ‘War Economy Mode’ Transition

admin by admin
March 5, 2024
in Economy
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The European Commission is set to discuss the viability of a “war economy mode” transition today aimed at increasing the EU’s arms production capacities by encouraging EU countries to purchase weapons together domestically, as reported by Reuters.

Russia’s full-scale invasion of Ukraine has highlighted the EU’s inability to produce and procure a large number of munitions in a short period, which has led to the munition…



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