Business news from Ukraine

Business news from Ukraine

European countries to buy air defense equipment worth EUR107.5m for Ukraine

15 June , 2023  

Lithuania together with Great Britain, Norway, the Netherlands, Denmark, Sweden and Iceland took part in the purchase of air defense equipment for Ukraine worth a total of EUR 107.5 million, the Lithuanian Ministry of National Defense said on its website.
“Lithuania constantly finds various ways to support Ukraine. The air defense assets purchased by seven countries will strengthen Ukraine’s ability to protect critical infrastructure, civilians and soldiers,” National Defense Minister Arvydas Anušauskas said.
According to the ministry, Lithuania’s contribution to this purchase will amount to EUR 6 million.
The Lithuanian Defense Ministry notes that the purchase of air defense equipment for Ukraine is the first of five planned support packages in the second round of purchases by the International Fund for Ukraine (IFU). At the first stage, the IFU is buying combat and reconnaissance drones, which will arrive in Ukraine as early as this summer.
The UK, which manages the IFU, has pledged an additional EUR292m to the fund in the near future.