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.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 tril...
Iran said no final decision has been made on a proposed agreement with Washington, despite suggestions from U.S. President Donald Trump that a deal co...
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ship...
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed for...
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties be...
The Trump administration has approved its first U.S. weapons aid packages for Ukraine under a new mechanism that allows arms from U.S. stockpiles to be funded by NATO allies, sources familiar with the matter told Reuters.
President Donald Trump said that the U.S. will send additional weapons to Ukraine, just days after ordering a sudden pause in key arms deliveries — a decision that drew concern from Kyiv and its allies.
The White House clarified that the recent pause in weapons shipments to Ukraine is part of a routine Pentagon review of all U.S. military aid worldwide, not a targeted suspension.
Finland has been selected as one of the countries implementing European Union measures to supply Ukraine with defence materials, using funds from frozen Russian assets.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
The International Labour Organization has adopted the first-ever international agreement aimed at protecting digital platform workers, marking a major step in regulating labour conditions in the global gig economy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment