“Drone Coalition” Establishes €45 Million Fund for Ukraine

by Roman Cheplyk
Monday, July 29, 2024
1 MIN
“Drone Coalition” Establishes €45 Million Fund for Ukraine

The “Drone Coalition” creates a €45 million fund for Ukraine to supply 1 million drones and advanced drone technologies, enhancing Ukraine’s defense capabilities

This initiative aims to enhance Ukraine's defense capabilities with a variety of drone technologies.

Key Highlights:

  • Memorandum of Understanding: The participating countries of the "Drone Coalition" have signed a Memorandum of Understanding to create a joint fund for Ukraine.

  • Initial Contributions: The Netherlands, Great Britain, Latvia, New Zealand, and Sweden have pledged over €45 million to the fund. Additional contributions from other countries are anticipated.

  • Fund Purpose: The joint fund is intended for the quick and efficient procurement of drones for Ukraine. The coalition aims to streamline and expedite the supply process through joint purchases.

  • Drone Types: The coalition plans to deliver:

    • 1 million FPV (First Person View) drones.
    • Reconnaissance drones.
    • Attack drones.
    • AI (Artificial Intelligence) drones.
    • Counter-drone equipment.
  • Joint Procurement Initiatives: The coalition will seek joint procurement initiatives to utilize and expand national industrial capacities, ensuring a steady supply of drone technologies.

  • Call for Participation: The coalition encourages other countries to join and contribute to the fund, enhancing the collective support for Ukraine.

Conclusion

The "Drone Coalition" has established a significant €45 million fund to support Ukraine with various drone technologies. This initiative is a collaborative effort to strengthen Ukraine's defense capabilities and streamline the supply of advanced drone systems.

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