Bloomberg: European Investment Bank in talks on investing in EU defense sector
The European Investment Bank (EIB) is in talks to invest in defense companies amid heightened urgency to scale up Europe's defense industry, Bloomberg reported on March 13. The colossal output of the Russian military-industrial complex since it launched its full-scale invasion of Ukraine has put the performance of the European defense industry into sharp relief. The EU failed on its promise to deliver 1 million artillery shells to Ukraine between March 2023 and 2024, while Russia is reportedly set to produce nearly three times as many artillery munitions as the West this year. According to Blo...