Press "Enter" to skip to content

Posts tagged as “defense industry”

UK grants Ukraine £3.5 billion for British-made weapons procurement

uk grants ukraine £35 billion british-made weapons procurement ukraine's uk-supplied challenger 2 tank training ground march 2023 earlier video documentary british army trains ukrainian crews 00-25-09

The United Kingdom has provided Ukraine with £3.5 billion (approximately $4.58 billion) in financing to purchase British-made weapons, according to a report from the UK Ministry of Defense on 6 October.

The £3.5 billion in export finance was made available to Ukraine following the signing of a major agreement in July 2024. This agreement enables Ukraine to leverage the capabilities of UK industry to purchase additional military equipment.

A UK trade mission, comprising representatives from the British Defense Ministry, Department for Business and Trade, and the defense trade association ADS, recently visited Kyiv to hold meetings with Ukrainian government and industry representatives. The delegation, led by the Minister for the Armed Forces, Luke Pollard, participated in the Ukraine Defense Industrial Forum.

During the visit, key requirements for Ukraine’s future equipment and capability needs were discussed and agreed upon. Minister Pollard stated,

“The UK’s support for Ukraine is ironclad. We continue to lead the way in providing military aid, but our support is much broader than simply providing equipment. Our flourishing defence industrial relationship symbolises the work happening across Government and the private sector to ramp up and speed up our support.”

The UK Ministry of Defense has already placed contracts with Thales for air defense missiles and Sheffield Forgemasters for artillery gun barrel forgings. These initial orders are intended to prepare the industry for further contracts, which will be funded by Ukraine using its own reserves and the newly available export finance.

Related:

You could close this page. Or you could join our community and help us produce more materials like this. 

We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia’s war against Ukraine and Ukraine’s struggle to build a democratic society.

A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support.

Become a Patron!