Southern European countries do not support the EC’s rearmament plan for Europe. Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. I... #DefenseIndustryEU #EUbudget #EUdefense #France #Italy #Spain #UrsulavonderLeyen
France and Italy have blocked EU approval of €5B in aid for Ukraine. During a Brussels summit, the EU was not able to reach an agreement on the allocation of €5B for Ukraine’s ammunition supplies this year, as EU members, including France and Italy, were hesitant... #AmmunitionForUkraine #ArtilleryShells #EUsummit #France #Italy #SupportUkraine
The US will send missiles for the Patriot system from Israel to Ukraine, and the Ministry of Defense has begun production of licensed FPV drones. The US plans to transfer dozens of missiles for the Patriot air defense systems from Israel to Ukraine. This week, US aircraft transported about 90 interceptor missiles from Israel to Poland, from whi... #Croatia #FPVdrones #GiorgiaMeloni #Israel #Italy #PatriotMissiles
Ukraine receives the first tranche of EU funds from frozen Russian assets. Ukraine received €3B from the EU as part of the ERA initiative, the first tranche of EU funds provided by revenue from frozen Russian assets. Ukraine will direct this to priority budget expenditures. ... #DroneProduction #G7 #Italy #RussianAssetsProfits #SupportUkraine #Zelenskyy
Norway will provide Ukraine with more than $240M to strengthen its maritime defense, and the US will try to spend its remaining aid funds in the coming weeks. Norway has announced an additional NRK 2.7B ($242.38M) donation to strengthen Ukraine’s maritime defense. The funds will go toward protecting civilians from attacks, clearing landmines, and training U... #F16training #Italy #MilitaryAid #Norway #Poland #WarinUkraine #WhiteHouse
Italy expands its cooperation with Ukraine in critical raw material supply chains and invests €200M to restore the Ukrainian energy system. Ukraine and Italy signed an agreement to deepen their logistics cooperation in critical raw materials. Attracting investment and encouraging innovation in the sphere’s development is one of Ukra... #AntonioTajani #CriticalRawMaterial #EnergyRestore #investments #Italy #UkraineEconomy
Metinvest will cooperate with the Italian government to construct a €2.5B steel plant. Ukrainian mining and metallurgical group Metinvest and the Italian Ministry of Enterprises signed a declaration of cooperation aimed at the revival of industry in the city of Piombino. The constructio... #GreenMetallurgy #investments #Italy #Metinvest #Steelproduction
Italy, Portugal, and New Zealand have announced new defense package support amounting to several billion dollars. Italy plans to allocate $1.7B for military aid to Ukraine next year. This is Italy’s share in the total sum of $40B in assistance to Ukraine that is currently being discussed by NATO. The US wil... #Italy #MilitaryAidforUkraine #NATOsummit #NewZealand #Portugal #SupportUkraine
Europe is strengthening its defense: Latvia will build a €12M ammunition factory, and Italy will buy hundreds of tanks and IFV for €20B. By 2026, Latvia plans to build a factory to produce modular powder charges for artillery ammunition with a capacity of 50,000 charges per year. Construction and equipment purchase costs will amount to... #DefenseIndustryEU #EUdefense #Italy #Latvia #Leonardo #LYNX #Rheinmetall #WeaponsProduction
Italy will give Ukraine long-range Storm Shadow missiles, and Germany will send the Frankenstein air defense system. Italy will transfer long-range Storm Shadow missiles to Ukraine as part of its ninth aid package, which Defense Minister Guido Crosetto will present to the parliament by the end of this month. The exa... #Frankenstein #Italy #MilitaryAidforUkraine #Rheinmetall #SAMP/T #SkyRanger #StormShadow
