The Netherlands will invest 100 million euros in the recently established International Foundation for Ukraine (IFU) to finance military equipment for Ukraine, the country’s Defense Ministry said.
According to the ministry’s website, this was announced by Dutch Defense Minister Kaisa Ollongren during a visit to the UK.
The IFU money is being used to purchase equipment directly from manufacturers to ensure its quickest possible delivery to Ukraine.
“If Russia stopped fighting, there would be no war. If Ukraine stopped fighting, there would be no Ukraine. International support for Ukraine remains vital,” the minister said.
The first industry contracts are expected to be signed by the end of this year. The first deliveries are expected in the first half of next year.
In addition to the Netherlands, other participants in the fund are its initiators Great Britain, Denmark and Norway.
