On Tuesday, the European Commission announced a €1.5 billion ($1.62B) subsidy program called the European Defence Investment Programme as part of its European Defence Industrial Strategy.
The move comes as the European government tries to minimize its reliance on US military capabilities in the face of what it describes as Russian ‘aggression.’
When presenting the strategy, the European Commissioner for Internal Market claimed that Europe faces an “existential threat.” Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, said, “In response to Russia’s aggression against Ukraine, the EU must bolster its defense capabilities.”
“[The strategy] is not an answer to the war in Ukraine, but rather a broader response to a strategic paradigm shift. It’s a recognition that [defense] is a subject that’s not going to go away for a while,” said Camille Grand, a former NATO assistant secretary-general and current fellow at the European Council on Foreign Relations.
