Ukrainian soldiers on armored personnel carriers move towards the front line near Vuhledar, Donetsk, May 1, 2023. (Photo: AP)

The funds will finance the joint purchase of 155-mm-caliber artillery rounds and, if requested, missiles by EU member states from the European defense industry.

According to Borrell, the two billion euros committed by the EU to speed up the ammunition supply brings the total bloc's military support to Ukraine to 5.6 billion USD.

To be eligible for EPF reimbursement, procurement contracts or purchase orders will need to be concluded before September 30 in the context of an existing European Defense Agency project or through complementary joint acquisition projects led by a member state.