• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Zelenskiy says US preparing aid package to finance production of Ukrainian drones

by October 21, 2024
written by October 21, 2024

(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Monday the United States was preparing an aid package worth $800 million to finance production of Ukrainian drones.

Zelenskiy, in his nightly video address, said the package was in addition to a $400 million package for new arms announced during U.S. Defense Secretary Lloyd Austin’s visit to Kyiv.

“A separate package is also being prepared — $800 million in funding for the production of Ukrainian drones,” Zelenskiy said.

“Ukraine is grateful for this. We need to ensure that, whatever the political threats in the world, Ukraine can consistently defend its sovereignty and independence.”

Since Russia launched its full-fledged invasion in February 2022, Ukraine has focused efforts on boosting domestic weapons production, particularly drones.

Zelenskiy told a meeting with foreign arms manufacturers this month that Ukraine could produce four million drones annually and was quickly ramping up its production of other weapons.

He said Ukraine had already contracted to produce 1.5 million drones this year.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US removes Sandvine from trade restriction list after corporate reforms
next post
Fed’s Logan continues to call for gradual pace of rate cuts

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

      December 3, 2025
    • Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

      December 3, 2025
    • Shopify says a daylong Cyber Monday outage has been resolved

      December 3, 2025
    • Apple’s AI chief abruptly steps down

      December 3, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (677)
    • Stock (6,426)

    Latest News

    • Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’
    • Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

    Popular News

    • T-Mobile says cyber attackers had no access to customer data
    • Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy