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hand over an additional 500,000 artillery shells purchased under the Czech initiative to Ukraine by the end of 2024. The first batch will arrive in a few days. It became known after a meeting between Prime Minister of Ukraine Denys Shmyhal and a group of EU leaders in Prague that more than €1.6B has already been collected for the Czech Republic’s artillery initiative. Meanwhile, the Lithuanian government allocated €13.5M to purchase aerial surveillance radars for Ukraine and will deliver them by the end of this year.
Norway to allocate $257 million to bolster Ukraine's air defenses. The ministry said that 125 million euros ($134 million) of that sum would be devoted to the re-procurement of Patriot missiles for Ukraine under a German-led initiative.
The German government will participate in transforming the Entrepreneurship Development Fund and creating an Alliance to support small and medium-sized businesses in Ukraine. The transformation will be partly financed by the German State Development Bank KfW. The EU, the World Bank, the Japan International Cooperation Agency, and the Luxembourg Development Agency will also join the project.
Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly. Denmark will make a second, DKK 1.2B ($170M) contribution within the framework of the ZBROYARI: Manufacturing Freedom initiative, Minister of Strategic Industry Oleksandr Kamyshin said. According to the minister, the 19th aid package from Denmark provides $170M to quickly cover the Ukrainian military’s needs. It is expected that the first purchases will start in the summer. "This aid will significantly strengthen the Ukrainian army, and not only that, but since the funds will remain in Ukraine, it will also strengthen our economy," Kamyshin added. In addition to investments in the Ukrainian military industry, the new aid package includes agreements on purchasing and transferring weapons from allied defence industries. Among other things, more equipment is needed to support the Danish F-16s, which will soon arrive in Ukraine.
Spain provides a €50M soft loan to support Ukraine's private sector and will help UZ to adapt its trains to EU standards. Spain will allocate a soft loan for €50M and an additional grant of €1M in partnership with the IFC to support the stability of the private sector of Ukraine, the Minister of Economy of Spain Carlos Caballero announced in Kyiv. In total, Spain has provided more than €45M in humanitarian aid and contributed to various multilateral reconstruction funds. The country's military contribution to Ukraine's victory totals €230M, and their security agreement with Ukraine is calculated at €1B. Also, Ukrainian Railways (UZ) and the Spanish state railway company, Renfe, are preparing the first developments within the framework of a pilot project regarding the introduction of trains that adapt to different track widths. In particular, the design, testing, and production of wagons equipped with sliding wheel pairs and track width change devices are being developed. As soon as the preparation of the technical project is completed and the final cost is known, Spain will contribute.
• IFI Aid
The IMF's decision on the next $2.2B tranche for Ukraine will be ready on June 28, Finance Minister Serhiy Marchenko said. He emphasized that Ukraine reached the fourth revision of IMF programs for the first time. Previously, funding had stopped because obligations were not fulfilled.
Nato has approved a plan to expand its support to Ukraine, but it will not be €40B annually. According to Secretary General Jens Stoltenberg, the plan envisages the Alliance assuming the international coordination of the supply of
81 UKRAINE Country Report July 2024 www.intellinews.com