Business news from Ukraine

Business news from Ukraine

Sweden to provide Ukraine with largest military aid package of $1.3 bln

29 May , 2024  

Sweden will provide Ukraine with the 16th and largest military aid package since the start of Russia’s full-scale invasion, the Swedish government’s website reports.

It is noted that the new capabilities will strengthen Ukraine’s air defense. The aid package amounts to 13.3 billion Swedish kronor ($1.3 billion) and meets Ukraine’s priority needs.

Sweden is providing radar reconnaissance and control aircraft (ASC 890) to Ukraine, thereby strengthening Ukraine’s air defense capabilities. Sweden is transferring the entire Swedish fleet of Pansarbandvagn 302 (Pbv 302) to support the creation of new brigades in the Ukrainian army. Sweden will also send artillery ammunition and resources to maintain previously donated equipment.

Since Russia’s brutal offensive war, Sweden has allocated 43.5 billion kronor for military support to Ukraine.

The 16th military support package also includes: financial support for coalitions of capabilities; financial support for funds and initiatives that allow for the rapid and large-scale procurement of equipment for Ukraine. The Swedish Defense Research Agency will also be tasked with supporting Ukraine in establishing its own defense research institute.

As part of this package, the capabilities of Ukraine’s combat command are further strengthened by the transfer of terminals with satellite communications subscriptions.

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