Ukrainian Parliament ratifies US$2.4 billion defence agreement with UK

The Verkhovna Rada (Ukrainian Parliament) has passed a law in its entirety ratifying an agreement between the governments of Ukraine and the United Kingdom on official credit support for the development of Ukraine's defence capabilities.

Source: European Pravda with reference to the Verkhovna Rada website

Details: On 4 February, 245 Ukrainian lawmakers voted to ratify the Framework Agreement on Official Credit Support for the Development of Ukraine's Defence Capabilities.

The agreement provides funds for the organisation of repair bases for military equipment and other weapons.

Background:

• In July, Ukrainian and UK Defence Ministers Rustem Umierov and John Healey signed a framework agreement providing for a £2 billion loan to finance Kyiv's defence needs.
• The agreement is intended to provide financial support to strengthen Ukraine's defence capabilities, including "the purchase of modern weapons, military equipment and other defence equipment in accordance with NATO standards".
• On 16 January, Ukraine and the UK signed a historic One Hundred Year Partnership Agreement to deepen security ties and strengthen the partnership between the two nations for future generations.

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