Latest news with #Ukraine-made
New York Post
3 days ago
- Business
- New York Post
Zelensky: Funding Ukraine military with $90B weapons package, security guarantees discussed
Ukrainian President Volodymyr Zelensky said multiple aspects of security guarantees were discussed with President Trump and European leaders Monday. Among the topics broached included financial support for Ukraine's military from Europe and obtaining American-made weapons purchased by Europeans for an estimated $90 billion. Advertisement President Donald J Trump meets President Volodymyr Zelenskyy of Ukraine in the Oval Office of the White House in Washington, DC, USA, on Monday, August 18, 2025. Pool/ABACA/Shutterstock Also discussed was the US purchasing Ukraine-made drones as a way of assisting Kyiv.
Time Magazine
17-07-2025
- Business
- Time Magazine
Ukraine Gets New Government, Races to Boost Arms Production
Ukraine's parliament appointed a new Prime Minister and Defense Minister in the country's biggest government shake up since the war began. The new government also approved a plan to expand local arms manufacturing. 'We must reach the level of 50% Ukraine-made weapons within the first 6 months of the new Government's work,' President Volodymyr Zelensky said. 'The Ministry of Defence will have greater influence over weapons production, and there must be more Ukraine-made weapons, more of them in the hands of our warriors on the frontline.' Read More: The Hidden War Over Ukraine's Lost Children Zelensky noted that current domestic production of weapons used by Ukraine is at 40%, significantly higher than at any other point since Ukraine's independence 30 years ago. The call to increase Ukrainian arms production comes as Russia ramps up its war on Ukraine, including the largest aerial attack since the start of the full-scale invasion in 2022. Russian forces continue to make gradual ground advancements but at a steep toll. The reshuffle comes days after President Donald Trump and NATO Secretary-General Mark Rutte announced a new plan that will see the alliance buy U.S.-made weapons, including Patriot missiles, to help Ukraine defend itself. Read More: The Man Who Wants to Save NATO Trump also threatened 'very severe tariffs' against Russia and countries that buy its oil and gas if a cease-fire deal is not reached within 50 days, in addition to voicing frustration with Russian President Vladimir Putin.'I speak to him a lot about getting this thing done, and I always hang up and say 'well that was a nice phone call' and then missiles are launched into Kyiv,' he said. 'After that happens three or four times you say 'the talk doesn't mean anything'.' Trump has increasingly criticized Putin in recent weeks. The reshuffle of Ukraine's government has been widely seen as a bid to boost relations with Trump. Economy Minister Yulia Svyrydenko, who was key in striking a mineral deal with the U.S. in May, was appointed as the new Prime Minister on Thursday. Outgoing Prime Minister Denys Shmyhal will serve as Defense Minister and Olha Stefanishyna as Ukraine's new ambassador to the U.S. The outgoing ambassador, Oksana Markarova, had angered Republicans after organizing Zelensky's visit with Democratic politicians to a Pennsylvania arms factory during the U.S. presidential election.
Yahoo
09-05-2025
- Business
- Yahoo
Denmark to spend €830 million on Ukrainian defense on behalf of EU
AMSTERDAM — Denmark will allocate €830 million ($935 million) to the Ukrainian defense industry in 2025 on behalf of the European Union, using windfall profits from frozen Russian assets to buy Ukraine-made weapons. The Danish Ministry of Defence and the European Commission, the EU's executive arm, signed an agreement giving Denmark the role as implementing actor for the disbursement of a large portion of the windfall profits this year, the ministry said in a statement on Friday. The Danes have been frontrunners in investing Western military aid in Ukraine's defense manufacturing, using funds to buy locally produced weapons rather than foreign equipment through what is known as the Danish model. 'Denmark has taken the lead in the international efforts to strengthen defense production in Ukraine,' Minister of Defence Troels Lund Poulsen said. 'It is a recognition of Denmark's efforts on this matter that the EU has decided to channel even more funds through us this year.' The windfall profits this year will be used for donations of supplies including ammunition, air defense and military equipment produced in the Ukrainian defense industry, the Ministry of Defence said. Last year's equipment purchases using the Danish model included Bohdana howitzers, long-range drones, anti-tank and anti-ship missile systems. Buying Ukrainian strengthens the embattled country's production capacity, ensures competitive prices, and enables faster adaptation to the Ukrainian needs, the ministry said. 'This provides obvious logistical advantages while also contributing to building Ukraine's defense industry for the future,' Lund Poulsen said. 'We are now able to do this on an even larger scale.' Denmark last year allocated around €400 million of windfall profits from Russian assets on behalf of the EU, using the Danish model. Total funding channeled via the model amounted to around 4.4 billion Danish kroner ($664 million) in 2024, with contributions from the Danish Ukraine fund, allies, and the EU, according to the ministry. Denmark expects to implement more than double that amount through the model in 2025, the MoD said. Denmark will allocate aid to Ukraine on behalf of several countries, including Norway, Sweden, Iceland and Canada.
