$AKE 📰 EU allowed Ukraine to purchase Chinese drone components using credit funds, — FT
According to the Financial Times, Kyiv has been granted permission to use part of the EU’s first defense tranche of €5.9 billion to buy certain components manufactured in China for UAVs.
Originally, the program provided that the funds should be directed toward products from the EU, Ukraine, or partner countries.
However, an exception has now been made because Europe cannot yet deliver some of the required components in the needed volumes quickly enough.
According to the Financial Times, Kyiv has been granted permission to use part of the EU’s first defense tranche of €5.9 billion to buy certain components manufactured in China for UAVs.
Originally, the program provided that the funds should be directed toward products from the EU, Ukraine, or partner countries.
However, an exception has now been made because Europe cannot yet deliver some of the required components in the needed volumes quickly enough.