Headline: Ukraine Secures €150M from Daanish, French, and Lithuanian Partners to Boost Defense Industry
Ukraine’s Minister of Defense, Rustem Umerov, announced that the country has received over €150 million to finance its defense industry from Denmark, France, and Lithuania. The funds, approximately €111 million, €29 million, and €10 million respectively, will be primarily used to manufacture rockets, advanced drones, and artillery systems, Umerov revealed on his Facebook page, reported by Eurointegration.
"The support from our partners is crucial in enhancing our domestic defense production capabilities and strengthening our armed forces," Umerov expressed his gratitude.
A significant portion of the funding, €111 million, is allocated to fulfill agreements between Ukraine’s Ministry of Defense, Ministry of Strategic Industries, and Denmark’s Ministry of Defense. This initiative aims to reinforce Ukraine’s military with state-of-the-art domestic weaponry.
The French government contributed €29 million to bolster Ukraine’s security and defense, while €10 million was designated for the development of Ukraine’s defense industry under the memorandum between Lithuania’s Ministry of National Defense, Ukraine’s Ministry of Defense, and Ministry of Strategic Industries.
Earlier, Estonia’s Minister of Defense, Hannes Hanso, emphasized the importance of investing in Ukraine’s own military industry to sustain its conflict with Russia, rather than relying solely on foreign troops. Additionally, Norway previously committed to financing Ukrainian weapons production, adopting the ‘Danish model’ of military support.