UK to provide another 1bn pounds of military support to Ukraine

The latest funding comes after Britain said in May it would provide an additional 1.3 billion pounds in military support and aid to Ukraine.
Image: WPA Pool/Getty Images

Britain will provide another 1 billion pounds ($1.2 billion) of military support to Ukraine, the British government said on Wednesday, as NATO branded Russia the biggest “direct threat” to Western security.

The funding will go towards boosting Ukraine’s defence capabilities, including air defence systems, uncrewed aerial vehicles, new electronic warfare equipment and thousands of pieces of equipment for Ukrainian soldiers.

“UK weapons, equipment and training are transforming Ukraine’s defences against this onslaught. And we will continue to stand squarely behind the Ukrainian people to ensure Putin fails in Ukraine,” Prime Minister Boris Johnson said in a statement.

The latest funding comes after Britain said in May it would provide an additional 1.3 billion pounds in military support and aid to Ukraine, and takes the UK’s total military and economic support to 3.8 billion pounds this year.

Ukrainian troops have also started training in Britain after Johnson offered to launch a major operation with the potential to train up to 10,000 soldiers every 120 days.

At a NATO summit dominated by Russia’s invasion, which Moscow says is a “special military operation” to rid Ukraine of dangerous nationalists, NATO agreed plans to modernise Kyiv’s armed forces, saying it stood fully behind Ukrainians'”heroic defence of their country”.

Ukraine’s President Volodymyr Zelenskiy said in a video link-up with the summit in Madrid that Ukraine needed $5 billion a month for its defence and protection.

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: