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Reuters
Reuters
Business
By Andrew Gray and Sabine Siebold

EU agrees to push ahead on joint arms buying to aid Ukraine

European Union countries agreed on Wednesday to speed up supplies of artillery rounds and buy more shells to help Ukraine but still have to work out how to turn these aims into reality.

Under a plan drawn up by foreign policy chief Josep Borrell, EU states would get financial incentives worth 1 billion euros ($1.06 billion) to send more of their artillery rounds to Kyiv while another 1 billion euros would fund joint procurement of new shells.

"There has been a general agreement on this procedure but there are questions pending. Everything has to be discussed in detail," Borrell said after a meeting of EU defence ministers in Stockholm also attended by their Ukrainian counterpart Oleksii Reznikov.

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