To accelerate the supply of weapons to Ukraine’s armed forces, a specialized military marketplace is being launched in Ukraine. According to Defense Minister Rustem Umerov this weapons marketplace aims to simplify and expedite weapon deliveries to the military. “Together with the Defense Procurement Agency and DOT – the ... #DefensePurchases #DOT-ChainDefence #FPVdrones #RustemUmerov #WeaponsforUkraine
The EU will make its first contribution to a dedicated defense fund and help to develop the defense industry together with Ukraine. The EU will invest the first €40M into a dedicated European defense fund, seeking to strengthen its military capabilities. The European Investment Fund (EIF), which provides financing to small and med... #DefenseIndustryUkraine #DefenseInvestments #DefensePurchases #EIF #EuropeanDefenseFund #SAFE
The EU has approved a €150B rearmament fund aimed at enhancing support for Ukraine. As reported by Reuters, the EU nations have come to a preliminary agreement on establishing a new credit mechanism for rearmament purposes entitled the Security Action For Europe (SAFE), which is valu... #DefensePurchases #EUdefense #MilitarySpending #SAFE
The European Commission has approved €300M in financing for five defense projects. The European Commission approved funding for five defense projects, each of which will receive €60M. Most of the projects also include purchasing defense products for Ukraine, particularly air defense... #AirDefenseSystems #DefensePurchases #EDIRPA #EUdefense #EuropeanCommission
