Business news from Ukraine

Business news from Ukraine

Czech Republic raises funds to purchase 800,000 artillery rounds for Ukraine

9 March , 2024  

The Czech Republic has raised the necessary amount of money to purchase 800,000 pieces of artillery ammunition for Ukraine, which is to be delivered in the coming weeks, Czech News Agency (ČTK) reports, citing Czech President Petr Pavel.

“As of this morning, we have collected the total amount for the purchase of all ammunition, that is, 800,000 pieces,” Pavel told reporters during a visit to the Central Bohemian region.

According to him, the next step will be to sign a memorandum between the Czech government and the 18 countries that have joined the initiative.

“Then, the Czech side will send information to all the supplier countries about the schedule and how we will act,” the Czech president said.

He refused to name the amounts received from individual countries and added that Norway has contributed the required amount.

“Now it all depends on the ability of our companies and the Ministry of Defense to speed up the whole process (of transferring ammunition – IF-U),” Pavel added.

On February 17, it was reported that the Czech Republic is looking for ammunition and weapons to supply Ukraine as soon as possible around the world, in particular, there is a possibility of supplying 500,000 155 mm and 300,000 122 mm shells from third countries within weeks if the necessary funding is received.

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