The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Ukraine mulls buying Italian air defenses with frozen Russian assets' proceeds

by Martin Fornusek January 11, 2025 3:59 PM 1 min read
A meeting between Ukrainian and Italian defense officials. Photo published on Jan. 11, 2025. (Defense Ministry)
This audio is created with AI assistance

Kyiv and Rome are discussing the possibility of purchasing Italian-made air defense systems and ammunition using profits from immobilized Russian assets, the Ukrainian Defense Ministry said on Jan. 11.

"We are interested, among other things, in ammunition of various calibers and air defense systems," Ukrainian Deputy Defense Minister Anatolii Klochko said after talks with Italian defense officials.

Italy delivered a highly advanced SAMP/T system to Ukraine in cooperation with France in 2023. The second system was said to have been in late September 2024.

Last December, the Italian government approved a decree extending Italy's military support for Ukraine through the year 2025.

The Western countries and other partners immobilized around $300 billion in sovereign Russian assets placed in their bank accounts at the start of the full-scale war.

While Kyiv called for the full confiscation of these funds, the G7 has instead announced a $50 billion loan for Ukraine that will be paid back through profits generated by the frozen assets. The funds will be used for the country's reconstruction and military needs.

The scheme allows Ukraine to obtain arms without relying on Western donations or further straining its already tight budget.

Kyiv, Washington in talks on licensing air defense production in Ukraine, Zelensky says
Zelensky made this statement at the opening of the 25th Ramstein summit, which was dedicated to strengthening Ukraine’s defenses, particularly its air defense.

News Feed

7:26 PM

John Bolton on Trump’s Russian policy missteps.

The Kyiv Independent’s Kate Tsurkan sat down with former U.S. National Security Advisor John Bolton to discuss why U.S. President Donald Trump considers Putin “a friend,” and why a ceasefire at this time would not be favorable for Ukraine.
1:34 PM

Russia opposes temporary ceasefire, top Putin aide says.

"We believe that our goal is a long-term peaceful settlement, and we are striving for that, a peaceful settlement that takes into account the legitimate interests of our country and our known concerns," said Russian presidential aide Yuri Ushakov.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.