Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Sweden announced a new military aid package to Ukraine worth 16 billion crowns ($1.59 billion) on Monday, the biggest package to date from the Nordic country, saying it wanted to help Kyiv strengthen its position in talks on ending the war.
The bulk of the package, nine billion crowns, will consist of new equipment that will be purchased in processes led by the Swedish Defence Materiel Administration, Defence Minister Pal Jonson told a press conference.
Around five billion crowns will be financial donations for Ukraine's defence industry.
"We are now at a critical stage of the war. Our focus is now on supporting Ukraine as much as possible so that they can get into a position of strength during these negotiations," he said.
Jonson said all European countries now need to increase their support to Ukraine. "More need to do more."
Since taking office in January, U.S. President Donald Trump has sought to broker a ceasefire to end fighting in the three-year-old war in Ukraine.
Jonson, asked at the press conference if Europe has the financial and production capacity to take on more of the responsibility if the United States scales down, said: "I'm slightly more concerned with the defence industrial production than the financial resources."
"The EU alone has an economy eight times as big as Russia, so if there is a will, there is a way for extensive support. The limitation has been the defence industrial production in Europe which has been adapted to peacetime," he said.
The government has said Sweden will ramp up aid to Ukraine this year, boosting the 2025 budget allocation to 40 billion crowns from 25 billion projected earlier, to aid Kyiv's fight against Russian invasion.
Including the new package, Sweden's military support since 2022 totals 80 billion crowns.
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With rising global tensions and growing risks to shipping, China is reshaping its trade strategy by constructing a new railway to Europe — one that deliberately avoids its close ally, Russia.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
Azerbaijan's Minister of Culture Adil Karimli met his Kyrgyz counterpart Mirbek Mambetaliev in Bishkek to discuss cultural collaboration, highlighting key initiatives like the Kyrgyz Culture Days in Baku and joint projects like the new school in Aghdam.
Azerbaijan and Algeria held their second round of political consultations in Algiers on Monday, led by Azerbaijan's Deputy Foreign Minister Yalchin Rafiyev and Algeria’s Secretary General of Foreign Affairs Lounes Magramane.
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