The European Commission, Ukraine's Ministry of Defence, and the governments of France and Finland have agreed to provide €343 million in EU guarantees and blended finance grants to support the development of Ukraine's defence sector. The funding will be channelled to expand industrial capacity for defence production and dual-use technologies.
Source: Ukraine's Ministry of Defence
Details: The agreements were signed in Gdańsk during the Ukraine Recovery Conference.
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Quote: "The new instruments are expected to enable the mobilisation of more than €700 million in investment in the production of unmanned aerial vehicles and counter-drone systems, ground robotic systems, military aviation, advanced navigation and communications technologies and other strategic sectors."
