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Ukraine’s defence industry receives €150m support from European nations 

The countries Denmark, France, and Lithuania have contributed €111m, €29m and €10m, respectively.

Upasana Mukherjee December 30 2024

Denmark, France, and Lithuania have collectively contributed more than €150m ($156.36m) to support Ukraine's defence industry.  

Denmark's contribution, amounting to €111m, is part of a cooperation agreement with Ukraine's Ministry of Defence and Ministry for Strategic Industries. 

This is aimed at supplying the Ukrainian Armed Forces with advanced, locally produced munitions.  

France has provided a €29m grant to enhance Ukraine's security and defence capabilities.  

Additionally, Lithuania has pledged €10m to develop the Ukrainian defence sector. 

This aligned with a Memorandum of Understanding between Lithuania's Ministry of National Defence, Ukraine's Ministry of Defence, and Ukraine's Ministry for Strategic Industries.  

Ukraine Defence Minister Rustem Umerov said: “These funds will primarily be allocated to the production of missiles, deep-strike drones, and artillery systems.” 

Previously in November, Ukrainian President Volodymyr Zelensky announced plans to boost production of long-range drones and missiles as part of Ukraine's resilience plan.  

In a speech to parliament, he said the drones would offset artillery shortages, with a goal of producing 30,000 drones next year and establishing a new technology centre. 

This month, the US Department of Defence also announced a $988m security assistance package for Ukraine through the Ukraine Security Assistance Initiative, which includes munitions for rocket systems and unmanned aerial systems (UAS).  

The aid is intended to strengthen Ukraine's defences amidst the ongoing conflict with Russia, which has resulted in significant human and material losses.  

Western allies have been providing financial support and military equipment to Kyiv since the escalation of the conflict going on between Ukraine and Russia, during which Russia has suffered more than 700,000 casualties. 

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