On May 5, the European Council put into effect the 2nd track from the 3-track approach of the Council from March 20, 2023. In accordance with the 1st track, a decision was made to compensate European countries' purchases of military equipment for further transfer to Ukraine within the framework of the European Peace Facility. The 2nd track will facilitate faster production and joint Euro-procurement of 1 million 155 mm projectiles for further transfer to Ukraine during the year.
"Today's decision is another major step to deliver more ammunition to Ukraine. The Ukrainian Armed Forces need substantial amounts of ammunition to defend the Ukrainian people and territory. They need it fast. With the previous decision to swiftly provide ammunition from existing stocks, we are committing €2 billion to this purpose, bringing the total EU military support to Ukraine to €5.6 billion," Josep Borrell.
By September 30 of this year, countries that plan to participate in joint procurement under the European Defense Agency project must conclude contracts with manufacturers of their own or another European state. This will entitle them to further compensation.
The 3rd track of the 3-track approach — is the Act in Support of Ammunition Production, which entered into force on May 3, 2023.
As of February 24, 2024, EU countries' total assistance within the European Peace Facility framework amounts to €5.6 billion.
"These efforts prove once more that the EU remains steadfast in its support for the Ukrainian military in defending the country against the illegal Russian aggression," Council of the European Union.
“These efforts prove once more that the EU remains steadfast in its support for the Ukrainian military in defending the country against the illegal Russian aggression,” Council of the European Union.