Exports
South Korea is poised to sign a major arms export deal worth around $6 billion to export 180 K2 tanks to Poland later this month. The deal, which would be Seoul's largest single arms export contract, follows an initial agreement in 2022 to supply 1,000 K2 tanks
Cabinet officials
Ukraine's Finance Minister Serhii Marchenko has announced that a tax increase is unlikely in the event of a possible revision to the 2025 state budget. The statement was made during a questioning session in the Verkhovna Rada, Ukraine's parliament. Marchenko emphasized that the Cabinet of Ministers
Air bases
Ukraine carried out one of its most significant drone attacks on Russia yet, targeting military bases deep inside Russian territory on Sunday. The attack, codenamed "Pavutyna", aimed at weakening Russia's long-range attack capabilities, involved Ukrainian drones hitting multiple air bases, including one in eastern Siberia, thousands
Defence industries
Australian Defence Minister Richard Marles has cautioned that Canberra cannot rely solely on the US to counter China's growing military strength in the Indo-Pacific, as the Trump administration presses its regional allies to increase their defence spending. Marles underscored that China's massive conventional military build-up, which
International trade
A delegation led by State Secretary Marte Gerhardsen from the Norwegian Ministry of Defence, accompanied by representatives from nine Norwegian companies, Innovation Norway, and Eksportfinans, has facilitated the establishment of projects and cooperation in Ukraine. Norway is collaborating with Ukraine to scale up the production of military equipment and ammunition
International trade
The UK has showcased its strong support for Ukraine's defence needs by leading its largest-ever trade mission to the country. The mission, which brought together 51 UK and international defence companies, aimed to secure contracts and boost high-skilled jobs across the UK. The delegation, which included companies from
International trade
A delegation from the Kingdom of Saudi Arabia, led by Deputy Governor for International Relations at the General Authority for Foreign Trade, Abdulaziz Alsakran, met with the FBiH Minister of Energy, Mining and Industry, Vedran Lakic, and directors of public companies from the energy and industrial sectors in Bosnia and
European Union
Britain's Prime Minister Keir Starmer hailed Monday's agreements as a "historic moment" that benefits both sides, while European Commission President Ursula von der Leyen called it a "win-win" partnership. The deals, struck at their first formal summit since Brexit, will slash red
European Union
The European Union has agreed to launch a €150 billion defence funding scheme, but the UK's participation is uncertain as the final terms of a new security pact have yet to be agreed upon. The scheme aims to boost the continent's defence spending, with a provision
European Union
European Union capitals have agreed to launch a significant initiative, a €150bn loans-for-arms fund, in response to Russia's war against Ukraine and US demands for Europe to invest more in its security. The fund, backed by the EU's shared budget, will enable EU countries to borrow
European Union
A corruption investigation is underway at the NATO Support and Procurement Agency (NSPA), with a total of five detentions made public so far in Belgium and the Netherlands. The probe concerns possible irregularities in contracts for buying ammunition and drones, and authorities suspect that NSPA employees or former employees may
International trade
Vice President JD Vance and Secretary of State Marco Rubio met with Ukrainian President Vlodomyr Zelenskyy in Rome on Sunday for ongoing peace talks, as the war between Russia and Ukraine continues. The meeting comes after Russian and Ukrainian officials held their first direct peace talks in years last week
