President Macron announces fund to buy arms for Ukraine
October 8, 2022, 8:20 am

President Macron announces fund to buy arms for Ukraine

Tank forces in Ukraine - 📷 128th separate mountain assault brigade via Euromaidan Press

French President Emmanuel Macron said on Friday (Oct 7) that his country has created a fund, initially worth €100 million ($98 million), for Ukraine to directly buy weapons and other material it needs in its war against invading Russia.

Macron said after an EU summit in Prague: “We are setting up this special, dedicated fund initially with €100 million to allow the acquisition of equipment that we have already delivered and that we will continue to do so in terms of weapons, meaning defensive ones."

He added that discussions were being held, particularly with Denmark, to deliver more highly accurate CAESAR truck-mounted cannons to Ukraine, on top of the 18 it has already given.

Macron said: "France has been giving military support to Ukraine from the first day, with anti-tank and individual anti-aircraft systems."

The new fund, he said, "will allow... to also work with France's defence industry base" and "demonstrates our will to act as Europeans and to align ourselves with this collective effort" helping Ukraine.

French President Emmanuel Macron speaks to journalists as he arrives at the train station in Kyiv, Ukraine, June 16, 2022. Ludovic Marin/Pool via REUTERS

The fund would significantly boost the military support France is showing Ukraine, from the €233 million committed so far, which is a fraction of what some other allies have allocated, the AFP reported, the al-Arabiya said.

It said that the United States is the biggest military supplier to Ukraine, to the tune of the equivalent of €25 billion, while Britain has given some €4 billion euros' worth of weapons and gear, and Poland €1.8 billion euros' worth.

Publicly-known shipments that France has so far made include anti-tank and anti-aircraft missiles, armoured personnel carriers, fuel, infantry gear and towed artillery cannons -- as well as the 18 prized CAESARs.

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The discussions with Denmark would be to see about diverting some CAESAR units Copenhagen had ordered from France.

Several high-ranking French officers have said that, although Paris has boosted military spending in recent years, set to reach €44 billion in 2023, its stocks of equipment remain limited.

Modern weapons like high-precision artillery pieces and missiles can take years to roll off production lines, especially with disruption to supply chains affecting certain parts and raw materials.

Source: alarabiya

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