Business news from Ukraine

Business news from Ukraine

Ukraine to receive an additional £500m from UK

23 April , 2024  

British Prime Minister Rishi Sunak will travel to Poland on Tuesday, April 23, to announce a massive increase in military support for Ukraine, specifically £500 million of additional military funding, according to the British government’s website.

According to the release, Sunak will meet with Polish Prime Minister Donald Tusk to discuss deepening British-Polish relations. The two sides will also hold talks with NATO Secretary General Jens Stoltenberg in Warsaw on European security and support for Ukraine. The British prime minister will then travel to Germany to meet Chancellor Olaf Scholz in Berlin.

“Ukraine faces an existential threat as Russia continues its barbaric invasion, risking the security and stability of the whole of Europe,” the statement said.

The additional funding of £500 million is being used to quickly deliver urgently needed ammunition, air defense, drones and engineering support. The drones will be procured from the UK.

The UK Ministry of Defense will send Ukraine a package of equipment designed to repel a Russian invasion on land, sea and air. The aid package contains 60 boats, including raid and dive boats and naval guns, more than 1,600 strike and anti-air missiles, as well as additional long-range Storm Shadow missiles, more than 400 pieces of equipment, including 160 Husky protected vehicles, 162 armored vehicles and 78 all-terrain vehicles, and nearly 4 million rounds of small arms ammunition.

“Protecting Ukraine from Russia’s brutal ambitions is vital to our security and to all of Europe. If Putin is allowed to succeed in this war of conquest, he will not stop at the Polish border… Ukraine’s armed forces continue to fight bravely but need our support – and need it Now today’s package will help ensure that Ukraine has everything it needs to fight Russia,” Sunak emphasized.

At the same time, UK Defense Secretary Grant Shapps said that “this record-breaking military aid package will give President Zelensky and his brave nation more of the tools they need to kick Putin out and restore peace and stability in Europe.”

“The UK was the first to provide NLAW missiles, the first to give modern tanks and the first to send long-range missiles. Now we are going even further. We will never let the world forget the existential battle Ukraine is fighting and with our continued support they will win,” said Shapps.

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