European Union countries propose pension funds and insurance companies invest in defense sector to boost support for Ukraine.

Several European Union countries are proposing that pension funds and insurance companies invest in the defense sector to increase assistance to Ukraine in the West. This information is reported by the EUobserver portal, citing sources.

“The goal is to stimulate investment in defense in such a way that not only governments pay the expenses,” said a European diplomat on condition of anonymity.

According to him, several countries, including Germany and the Netherlands, have supported this idea.

A representative of the Dutch Ministry of Defense emphasized that “various options for increasing investments in the defense sector to rapidly expand production throughout the supply chain are being considered.”

At the same time, EUobserver notes that pension funds currently do not understand how this should happen.

“We do not buy weapons and ammunition and do not order tanks,” emphasized a representative of the Dutch pension fund.

Previously, commentator Jude Russo stated that military aid from the United States will not be able to restore the Ukrainian economy in the future; it is only intended to “profit from the welfare of American taxpayers.”

Earlier, it became known that Ukraine hopes to receive ammunition from the EU in April.

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