Lithuania Invests €10 Million in Ukraine’s ‘Palanytsia’ Drone Production

by Roman Cheplyk
Wednesday, October 23, 2024
2 MIN
Lithuania Invests €10 Million in Ukraine’s ‘Palanytsia’ Drone Production

Lithuania has committed €10 million to support the production of Ukraine’s “Palanytsia” drone missile. The investment follows the “Danish model” of direct financing to Ukrainian manufacturers

Direct Financing Based on the Danish Model

The Ministry of Defense of Ukraine announced that the financing mechanism was discussed during a meeting between Serhiy Boyev, Deputy Minister of Defense of Ukraine for European Integration, and Monika Koroliovienė, Deputy Minister of National Defense of Lithuania.

"Acquiring the ability to hit enemy targets at a long distance is one of Ukraine's priorities. We encourage partners to invest in our own production of long-range weapons. Investments based on the example of the 'Danish model' will work much faster, and the enemy will soon see the consequences," said Serhiy Boyev.

Enhancing Long-Range Strike Capabilities

The investment aims to bolster Ukraine's ability to produce long-range weapons amid ongoing conflicts. The direct financing approach is expected to expedite the manufacturing process of the "Palanytsia" drone missile.

Monika Koroliovienė emphasized Lithuania's dedication to supporting Ukraine:

"Lithuania remains a loyal partner of Ukraine. We aim to provide effective assistance. Investments have to work, so we are looking for the most practical application for them," she stated.

Collaboration in Defense Coalitions

Serhiy Boyev also expressed gratitude to Lithuania for its leadership within the Mine Action Coalition and active participation in the Drone Coalition.

Upcoming Visit by Lithuanian Defense Officials

It is anticipated that high-ranking officials from Lithuania's Ministry of National Defense will visit Ukraine in the near future, further strengthening the cooperation between the two nations.


The investment underscores Lithuania's ongoing support for Ukraine's defense efforts and highlights the strategic partnership between the two countries in enhancing regional security.

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