00:01The European Commission is about to finalise defence loan agreements with Poland and Lithuania.
00:07The loans form part of the EU's SAFE programme to strengthen the continent's defence capabilities.
00:13Poland is said to receive the largest share, worth 43 billion euros, while Lithuania will receive 6 billion euros.
00:21European Commissioner for Defence Andrius Kobilius told Euronews programme Europe Today that member states should act swiftly on their defence
00:30spending.
00:31To ramp up, to produce more, to produce more fast, to shift maybe from what industries are calling themselves haute
00:39couture production.
00:40Very expensive, very technological advance, but very expensive and slow to be produced to more of good enough production.
00:47And we need to see very clearly what is our strategic challenge.
00:53Still, Russia is out producing us, and quite heavily, so that is what worries us.
00:59Kobilius said the defence industry is increasing production, but warned concerns remain among governments that manufacturers are still not scaling
01:07up quickly enough to meet urgent demand.
01:09NATO Secretary-General has previously warned that Russia produce as much ammunition in three months as the Alliance's 32 member
01:18states manufacture in a year.
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