EU Is in Talks to Ensure Defense Sector Gets Critical Materials.

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    • Subject Terms:
      EUROPEAN Council ; EUROPEAN Union
    • Abstract:
      The European Union is discussing measures to prioritize access to critical materials for the defense industry during times of crisis and improve predictability in contracting. This comes as the EU seeks to strengthen its defense capabilities following Russia's invasion of Ukraine and years of underspending by member states. Concerns raised by the defense industry include the need for long-term government contracts to improve production capacity and readiness, as well as ensuring access to raw materials and critical minerals. The European Investment Bank is also in talks to expand financing to firms in the defense industry. [Extracted from the article]
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