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Free AccessStoltenberg-NATO Must Ramp Up Ammo Production, War Depleting Stockpiles
Comments from NATO Secretary General Jens Stoltenberg's press conference ahead of the 14-15 Feb defence ministers' meeting hitting wires. Stoltenberg states that 'NATO countries will step up and sustain support for Ukraine'. Warns that 'the war in Ukraine is depleting ammunition stockpiles in NATO countries...this puts the defence industry under strain...we need to ramp up production and invest in production capacity....We plan to increase targets for ammunition stockpiles.'
- Stoltenberg states that NATO defence ministers 'Will discuss ways to ramp up defence spending'.
- Meeting of NATO defence ministers gets underway in Brussels tomorrow. The Ukraine Defense Contact Group (the US-led alliance of states offering materiel support to Ukraine) meets first at 1000CET, with US Secretary of Defense Lloyd Austin III speaking. At 1700CET the wider North Atlantic Council meeting gets underway. Ukrainian Defence Minister Oleksiy Reznikov dure to be in attendance in spite of seemingly-unfounded rumours that he was set to be removed from office over a corruption scandal.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.