Finance

Lithuania boosts defense budget to buy HIMARS, trucks, drones

Lithuania boosts defense budget to buy HIMARS, trucks, drones

WARSAW, Poland — The Lithuanian government has decided to allocate additional funds for the country’s Defence Ministry this year, paving the way for the purchase of High Mobility Artillery Rocket Systems, or HIMARS, Oshkosh joint light tactical vehicles (JLTVs) and Switchblade drones from the United States.

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French 2023 defense budget adds $3 billion to fund ‘war economy’

French 2023 defense budget adds $3 billion to fund ‘war economy’

STUTTGART, Germany — Propelled by an edict to make deep investments in its defense industrial base, France’s Ministry of Defense has unveiled a 2023 budget worth billions more than the previous year to launch a new “war economy.”

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Sweden and Denmark say Nord Stream pipeline blasts were deliberate attacks

Sweden and Denmark say Nord Stream pipeline blasts were deliberate attacks

Sweden and Denmark on Tuesday said blasts on two Russia-to-Germany Nord Stream gas pipelines under the Baltic Sea were acts of sabotage, although neither country was ready to identify the culprit.

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Soldiers manning HIMARS head to Latvia for exercises

Soldiers manning HIMARS head to Latvia for exercises

The Army is dispatching two High Mobility Artillery Rocket Systems to Latvia for the country’s national combat readiness exercises, according to a statement from U.S. Army Europe and Africa.

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Use us for combat zone tests, Ukraine minister tells US war industry

Use us for combat zone tests, Ukraine minister tells US war industry

AUSTIN, Texas — Mobility tactics, advanced technology and a workshop mentality for fixing battlefield problems all point to Ukrainian success fighting the Russian invasion.

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Kyiv officials lay out vision for security, digital future at DC event

Kyiv officials lay out vision for security, digital future at DC event

WASHINGTON — As Ukrainian forces battle back a stalling Russian invasion, government officials hailing from Kyiv told a conference in Washington, D.C., that they are eyeing a future defined by digital innovation, defense know-how and high-tech investments.

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Ukraine arms maker finds export interest in ‘combat-proven’ missiles

Ukraine arms maker finds export interest in ‘combat-proven’ missiles

KIELCE, Poland — Ukraine’s defense industry is observing a spike in demand from foreign customers interested in securing weapons proven in combat against Russia’s invasion, according to representatives of leading Ukrainian defense group Ukroboronprom.

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Poland buys more howitzers as local defense exhibit kicks off

Poland buys more howitzers as local defense exhibit kicks off

KIELCE, Poland — Poland’s Ministry of National Defence has awarded a contract worth more than 3.8 billion zloty ($800 million) to buy 48 Krab 155mm self-propelled howitzers and related gear from local company Huta Stalowa Wola, a subsidiary of the country’s defense giant PGZ.

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Russia to buy rockets, artillery shells from North Korea, US says

Russia to buy rockets, artillery shells from North Korea, US says

WASHINGTON — The Russian Ministry of Defense is in the process of purchasing millions of rockets and artillery shells from North Korea for its ongoing fight in Ukraine, according to a newly downgraded U.S. intelligence finding.

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Tempest program, Russian invasion drive growth in Italy’s defense budget

Tempest program, Russian invasion drive growth in Italy’s defense budget

ROME — Italy has hiked defense spending again as it showers cash on the Tempest fighter program in 2022 and radically upgrades its forecast for its total spending on the sixth-generation program.

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Latvia requests HIMARS weapon to bolster Baltic defense

Latvia requests HIMARS weapon to bolster Baltic defense

WARSAW, Poland — Latvia has sent a letter of request to buy an undisclosed number of High Mobility Artillery Rocket Systems from the United States, with the potential acquisition to be carried out as a joint initiative of the three Baltic states, which also include neighboring Estonia and Lithuania.

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European Defence Fund unveils first round of awardees

European Defence Fund unveils first round of awardees

STUTTGART, Germany — The European Union revealed last week the awardees of its first batch of European Defence Fund (EDF)-supported projects, reflecting a cumulative €1.2 billion (U.S. $1.23 billion) going to 61 defense research and development projects.

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Moscow claims Odesa missile strikes hit military targets

Moscow claims Odesa missile strikes hit military targets

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Ukraine's neighbor worried about Russian invasion

Ukraine's neighbor worried about Russian invasion

Moldova’s prime minister said in an interview that aired Sunday that her nation fears an invasion by Russia in the wake of its invasion of their mutual neighbor Ukraine.

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Inside the Pentagon slugfest over the future of the fleet

Inside the Pentagon slugfest over the future of the fleet

At issue, according to six people with knowledge of internal discussions, is the desired number of amphibious warships, which carry Marines and can launch warplanes and landing craft.

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The War Will End Next Year with the Exit to Our Borders

An interview with Major General Kyrylo Budanov, Chief of the Defence Intelligence of Ukraine, was published by RBK-Ukraine agency.

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Occupied Kherson Stores Introduce 'Natural Exchange' of Goods

Problems in the financial sector of the temporarily occupied Kherson have led to the return of 'exchange in kind' in local stores. That is, goods are sold in exchange for other goods. In this case, the seller each time separately agrees with the buyer on the exchange rate. Numerous cases of 'food loans' are recorded, when sellers in grocery or hardware stores sell goods on credit at 10-20%.

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The operational update regarding the Russian invasion on July 07, 2022

The one hundred thirty fourth (134) day of the heroic resistance of the Ukrainian people to a russian military invasion continues.

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A Ukrainian flag is installed on Zmiiny Island

A Ukrainian flag is installed on Zmiiny Island

The military operation has been completed. Zmiiny Island is officially returned to the jurisdiction of Ukraine.

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NATO touts country pairings as key to defending the eastern flank

NATO touts country pairings as key to defending the eastern flank

WASHINGTON — NATO officials at the Madrid summit revived a Cold War-era concept of spelling out which alliance countries are responsible for securing specific, vulnerable European members situated closer to Russia.

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