Drone Coalition Countries Create EUR 45M Fund For Ukraine

(MENAFN- UkrinForm) Member countries of the Drone Coalition for Ukraine have signed a Memorandum of Understanding that provides for the creation of a joint fund of EUR 45 million.

This is said in a statement published on the website of the UK government, Ukrinform reports.

“We, members of the Drone Coalition have signed a Memorandum of Understanding (MoU) which provides a framework outlining the Coalition's core activities, management structure procurement mechanisms,” the statement says.

As noted, with this document, signed on July 10, the countries created the UK-led Drone Coalition Common Fund enabling joint procurement for rapid and efficient drone deliveries.

Read also: Canada declares new CAD 500M defense package for Ukraine

“So far, the Netherlands, the UK, Latvia, New Zealand, and Sweden have pledged in total over €45M to the Common Fund, with additional contributions anticipated,” the statement says.

The Drone Coalition is planning to deliver one million FPV drones to Ukraine. At the same time, coalition members are working to provide other type of drones like reconnaissance, strike drones, AI upgraded drones, as well as counter-drone capabilities.

It is noted that the Drone Coalition remains open for other Allies and partners to join.

The Drone and EW Coalition was created jointly by Ukraine and Latvia. The decision was made during the visit of Latvian Defense Minister Andris Sprūds to Kyiv in December 2023. Subsequently, a number of countries joined, including Sweden, the United Kingdom, the Netherlands, Germany, Estonia, and Canada.

As Ukrinform reported, on June 17, Latvian Defense Minister Andris Sprūds announced that the Latvian government had handed over the first batch of drones purchased as part of the Drone Coalition to the Armed Forces of Ukraine and had already prepared the second.



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