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UK grants Ukraine £3.5 billion for British-made weapons procurement

A UK trade mission, including government and industry representatives, visited Kyiv to discuss future equipment needs and enhance defense industry collaboration.
byYuri Zoria
08/10/2024
2 minute read
uk grants ukraine £35 billion british-made weapons procurement ukraine's uk-supplied challenger 2 tank training ground march 2023 earlier video documentary british army trains ukrainian crews 00-25-09
Ukraine’s UK-supplied Challenger 2 tank on a training ground in the UK. March 2023 or earlier. Screenshot from a video.
UK grants Ukraine £3.5 billion for British-made weapons procurement

The United Kingdom has provided Ukraine with £3.5 billion (approximately $4.58 billion) in financing to purchase British-made weapons, according to a report from the UK Ministry of Defense on 6 October.

The £3.5 billion in export finance was made available to Ukraine following the signing of a major agreement in July 2024. This agreement enables Ukraine to leverage the capabilities of UK industry to purchase additional military equipment.

A UK trade mission, comprising representatives from the British Defense Ministry, Department for Business and Trade, and the defense trade association ADS, recently visited Kyiv to hold meetings with Ukrainian government and industry representatives. The delegation, led by the Minister for the Armed Forces, Luke Pollard, participated in the Ukraine Defense Industrial Forum.

During the visit, key requirements for Ukraine’s future equipment and capability needs were discussed and agreed upon. Minister Pollard stated,

“The UK’s support for Ukraine is ironclad. We continue to lead the way in providing military aid, but our support is much broader than simply providing equipment. Our flourishing defence industrial relationship symbolises the work happening across Government and the private sector to ramp up and speed up our support.”

The UK Ministry of Defense has already placed contracts with Thales for air defense missiles and Sheffield Forgemasters for artillery gun barrel forgings. These initial orders are intended to prepare the industry for further contracts, which will be funded by Ukraine using its own reserves and the newly available export finance.

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