Netherlands pledges 400 million for Ukraine drone initiative
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Netherlands pledges 400 million for Ukraine drone initiative

During an unannounced visit to Kyiv on Oct. 6, Dutch Defense Minister Ruben Brekelmans announced that the Netherlands will invest 400 million euros ($440 million) in a joint advanced drone development initiative with Ukraine. He also confirmed that additional F-16 fighter jets will be delivered to Ukraine in the coming months. As Ukraine faces continued […]
EBRD, IFC to provide $435 million to new Ukrainian telecom
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EBRD, IFC to provide $435 million to new Ukrainian telecom company

The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) provided $435 million to support investment in Datagroup-Volia-Lifecell, a recently merged Ukrainian telecom company owned by a French billionaire, according to a statement from Oct. 10. This is the single biggest direct foreign investment in Ukrainian business since Russia's full-scale invasion began […]
EU to allocate 170 million euros to six countries bordering
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EU to allocate 170 million euros to six countries bordering Russia and Belarus

European Commission President Ursula von der Leyen announced 170 million euros ($178 million) in financial support for six European countries bordering Russia and Belarus to bolster their border protection efforts. This announcement followed her discussion with Finnish Prime Minister Petteri Orpo. “Finland, alongside the Baltic countries, Poland, and Norway, is courageously protecting our borders from […]
Norway allocates more than $87 million to increase weapons production
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Norway allocates more than $87 million to increase weapons production for Ukraine

Norway’s government will allocate up to 967 million kroner (around $87.5 million) to enhance its defense industry, with a focus on supporting Ukraine amidst Russia’s full-scale invasion. The Norwegian Ministry of Defense said that the funds will support four new projects to boost production of crucial components, including rocket engines and explosives, needed for manufacturing […]