Business news from Ukraine

Business news from Ukraine

Netherlands to allocate €20 mln for 1 mln FPV drones for Ukraine

The Netherlands is allocating 20 million euros to a joint drone coalition fund aimed at supplying 1 million FPV drones to Ukraine, the Dutch Ministry of Defense reports.
“There is a shortage of drones in Ukraine, but not in Russia. To reduce the deficit, Latvia and Ukraine created a drone coalition earlier this year, which was joined by the Netherlands. An agreement of intent was signed in February. The goal of the coalition is to give Ukraine 1 million drones this year and then expand the offer to other types, such as reconnaissance,” the statement said.
Currently, more than 265 companies, including 9 Dutch companies, have registered to supply FPV drones to Ukraine.
“Ukraine urgently needs a lot of attack drones. They have proven their effectiveness on the battlefield. We will provide this together with 11 other countries, which we confirmed today during the NATO summit,” said Defense Minister Ruben Brekelmans.

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