Ukraine Secures EU Funds for Chinese Drone Purchases

Ukraine has been permitted to use European Union defense loan funds to buy drone components from China. This decision, involving a carve-out from a €6 billion tranche, was reported by the Financial Times. Reuters was unable to immediately confirm the specifics of this report.

Ukraine is set to use European Union defense loan funds to acquire drone components from China, as per a report by the Financial Times.

The report indicates that Kyiv has obtained a special provision in a €6 billion ($6.86 billion) tranche, allowing the purchase of these components. Sources familiar with the decision confirmed this carve-out.

Meanwhile, Reuters has stated that it could not immediately verify the report. As of the current exchange rate, $1 equals 0.8744 euros.