Business news from Ukraine

Germany to increase ammunition supplies for Leopard 2 tanks to Ukraine

The German Armed Forces have extended to about 4 billion euros a contract with arms manufacturer Rheinmetall to make ammunition for Leopard 2 tanks, it is expected that some of this ammunition will be supplied to Ukraine, according to the Rheinmetall Group’s website.

“The Bundeswehr has extended the existing framework contract with Rheinmetall for the supply of tank ammunition worth around 4 billion euros…. The order expresses the armed forces’ desire to close the resulting stockpile gaps and increase the overall ammunition supply in view of the security situation. The framework agreement also provides for the delivery of a significant amount of tank ammunition for the Ukrainian Armed Forces,” the statement said.

It is also noted that “by the end of 2030 under the concluded framework agreement may be purchased several hundred thousand combat and training ammunition of various designs of 120 mm x 570 caliber, similar to those fired by the main gun of the Leopard-2 main battle tank.”

According to the company, the first delivery of ammunition worth about 309 million euros took place immediately after the contract was signed.

It is emphasized that for many countries that use the Leopard battle tank with 120mm smoothbore gun, Rheinmetall is the main supplier of ammunition of this caliber.

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Finland to send air defense equipment and ammunition to Ukraine

Finland will provide Ukraine with the 17th package of military assistance, including air defense equipment and ammunition, the Finnish government said in a press release on Thursday.
According to the statement, Finnish President Sauli Niinisto made the decision based on the government’s proposal.
The aid package will cost Finland 105 million euros.
In order to ensure the safe delivery of military cargoes to their destination, more precise details about the content of the aid package, the timing and ways of its transportation are not reported.
In total, Finland has provided Ukraine with military assistance worth about 1.2 billion euros.

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Canada to transfer 4,800 assault rifles and ammunition to Ukraine

Canada will deliver nearly five thousand assault rifles and ammunition to Ukraine in the coming weeks, according to the Canadian Ministry of Defence.
“The delivery of the small arms and ammunition aid package announced in April is on schedule. Machine guns, assault rifles, cleaning kits and magazines have already been delivered to Ukraine, and one million rounds of 5.56 mm ammunition and 4,800 assault rifles should arrive in the coming weeks,” the report said.
According to the Canadian Ministry of Defence, all 21,000 small arms and 2.4 million rounds of ammunition planned for delivery are expected to be in Ukraine by summer.
“Canada’s support for Ukraine is unwavering. When I travel across Canada, I see Ukrainian flags on homes, small businesses and cars – because Canadians understand that Ukraine’s fight for self-defence is also a fight for sovereignty, freedom and independence,” said Canadian National Defence Minister Anita Anand, quoted by the ministry’s press office

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