The Ministers of Defense of Ukraine and Great Britain, Rustem Umerov and John Healey, signed an Agreement between the governments of the two countries regarding official credit support for the development of Ukraine's defense capabilities.

The signing of the document took place in Great Britain in the presence of the President of Ukraine, his press service reports.

The document will commence the start of Ukrainian-British projects in this area. We are talking, in particular, about the supply and repair and partial production of air defense systems, armored vehicles, and ammunition.

The agreement provides that British suppliers will be able to enter into loan agreements and contracts with Ukraine for GBP 2 billion. This amount is not final and may be increased in the future.

Thanks to this, until 2026, the Ukrainian Defense Forces, in particular, will receive air defense systems and radar and destructive weapons, obtain technologies and master the partial production of barrels, spare parts and components for artillery installations and Western-style armored vehicles.

Due to the need to quickly develop capabilities and the high cost of defense projects, Ukraine cannot currently finance them from its state budget. The loan repayment period is 15 years.