European Union President Ursula von der Leyen has urged member states to cooperate on buying weapons as the US retreats from Europe. The Commission aims to create an EU-wide market for defense equipment by 2030, citing the need for reliable supply chains in times of crisis. A €150 billion fund will support countries’ defense spending, as outlined in a forthcoming white paper.
Source: https://www.politico.eu/article/ursula-von-der-leyen-ukraine-russia-collective-arms-purchases-by-2030