Business news from Ukraine

Czech Republic to allocate tens of mln of euros for initiative to purchase ammunition for Ukraine

7 April , 2024  

The Czech Republic will contribute tens of millions of euros to an initiative it is leading to purchase artillery ammunition for Ukraine, Czech Prime Minister Petr Fiala has said.

According to Reuters, Fiala told CNN’s Prima News on Wednesday evening that the Czech contribution would be over a hundred million kroons, which equates to tens of millions of euros.

“This is roughly the share that a country of our size and prosperity should contribute,” Fiala said.

The Czechs, through a team of government officials and private companies, have requested at least 800,000 pieces of large-caliber ammunition from countries around the world, with the first deliveries to Ukraine expected by June.

But Czech officials have said that this figure is not final and that more ammunition will be delivered if more funding is secured.

The Czech-led initiative has attracted about 18 countries, with Germany pledging the largest contribution so far – €576 million for 180,000 artillery rounds.

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