Business news from Ukraine

Sweden approves transfer of additional military aid package worth 270m euros to Ukraine

19 August , 2023  

The Swedish Parliament has approved the transfer of an additional military aid package worth a total of 3.25 billion Swedish kronor (about 270 million euros) to Ukraine, the Riksdag press service reported.

“Parliament approved the donation of additional defense equipment to Ukraine. The authorization will give the government the right to decide on the donation to Ukraine of defense equipment in the form of spare parts and readiness goods worth no more than SEK 1.1 billion, as well as ammunition, demining equipment and vehicles worth no more than SEK 2.15 billion,” the statement said.

Parliament also decided to authorize the government to sell a limited number of missiles for Rb 99 (AMRAAM) fighter jets to the US. The US has launched a buy-back program for old AMRAAM variants in exchange for the same countries purchasing new AMRAAM missiles. The purpose of the program is to transfer the repurchased missiles to Ukraine to quickly strengthen the Ukrainian air defense system.

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