Business news from Ukraine

Netherlands to allocate EUR 122 mln in military aid to Ukraine

30 January , 2024  

The Netherlands intends to allocate EUR 122 million in military aid to Ukraine, which will be spent on ammunition, weapons and cybersecurity, the press service of the country’s government reported.

In particular, EUR 87 million will be allocated to Ukraine for the purchase of artillery shells. The Netherlands will also transfer EUR 25 million to the International Fund for Ukraine (IFU) for the purchase of weapons.

In addition, the Dutch government will allocate another EUR 10 million to improve Ukraine’s cybersecurity.

“The donations are the result of consultations of the Ukraine Defense Contact Group (UDCG), which includes 50 partner countries. They help Ukraine purchase equipment and resources to defend itself against Russia,” the government said in a statement.

According to Dutch Defense Minister Keesa Ollongren, “it is important to support Ukraine in the long term.”

“Now it is important to show that we are helping Ukraine. They are fighting for their country and for the values we share: self-determination, freedom, equality, human rights,” she said.

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