Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Netherlands becomes first NATO ally to buy US weapons for Ukraine

by
August 5, 2025
in Latest News
0
Netherlands becomes first NATO ally to buy US weapons for Ukraine

The Netherlands will become the first European state to provide cash to purchase U.S.-made weapons for Ukraine, under a plan agreed to by President Donald Trump and NATO chief Mark Rutte. 

Dutch Defense Minister Ruben Brekelmans announced Monday his nation will contribute €500 million ($576 million) to a fund called the NATO Prioritized Ukraine Requirements List (PURL) initiative.

Brekelmans said the funding would go toward Patriot systems and missiles, a mobile surface-to-air interceptor. 

Developed in the 1980s and still considered one of the U.S.’s most advanced air defense systems, the Patriot can thwart attacks from aircraft, tactical ballistic missiles and cruise missiles.

A new Patriot system and the missiles to go along with it could cost around $1.1 billion, according to the Center for Strategic and International Studies (CSIS). The newest version of the missile costs around $4 million a piece.

Last month during a White House meeting with Rutte, Trump promised Europe would spend ‘billions’ on U.S. weapons to arm Ukraine.

‘Billions of dollars’ worth of military equipment is going to be purchased from the United States, going to NATO… And that’s going to be quickly distributed to the battlefield,’ Trump said.

Ukrainian President Volodymyr Zelenskyy thanked the Netherlands for the funding on X. 

‘Ukraine, and thus the whole of Europe, will be better protected from Russian terror,’ he wrote.

‘I am sincerely grateful to the Netherlands for their substantial contribution to strengthening Ukraine’s air shield,’ he added.

Rutte also thanked the Netherlands and encouraged other European NATO allies to follow suit.

‘This is about getting Ukraine the equipment it urgently needs now to defend itself against Russian aggression,’ he said in a statement.

‘I have written to all NATO Allies, urging them to contribute towards this burden-sharing initiative, and I expect further significant announcements from other Allies soon.’

The Netherlands has emerged as one of Ukraine’s top defense donors, committing close to €3 billion in military aid since the start of Russia’s full-scale invasion in 2022. Dutch support has included tanks, F-16 training, and now, contributions toward strategic air defense platforms like the Patriot.

The new Trump-NATO agreement came after Republicans expressed frustration with the nearly $128 billion in aid the U.S. has offered to Ukraine, arguing Europe should take up the burden. At the same time, Trump has increasingly grown impatient with Russian President Vladimir Putin during peace negotiations. 

White House envoy Steve Witkoff is set to head to Moscow this week before the deadline Trump gave Putin for ending the war. The president has threatened to slap steep tariffs on Russia and any nations that do business with it if this week’s negotiations fail to produce a deal. 

This post appeared first on FOX NEWS
Previous Post

Fox News gets inside look at Gaza humanitarian situation as Israel weighs next steps

Next Post

Justice Department weighs release of Ghislaine Maxwell interview

Next Post
Justice Department weighs release of Ghislaine Maxwell interview

Justice Department weighs release of Ghislaine Maxwell interview

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
China expands scope of consumer trade-ins for home appliances

China expands scope of consumer trade-ins for home appliances

January 8, 2025
Murdoch to provide Trump health updates in deal to delay Epstein case deposition

Murdoch to provide Trump health updates in deal to delay Epstein case deposition

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Murdoch to provide Trump health updates in deal to delay Epstein case deposition

Murdoch to provide Trump health updates in deal to delay Epstein case deposition

August 6, 2025
Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

August 6, 2025
Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

August 6, 2025
RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

August 5, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    August 6, 2025
    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    August 6, 2025
    Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    August 6, 2025
    RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

    RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

    August 5, 2025

    Top News

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    August 6, 2025
    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    August 6, 2025

    Latest News

    • Murdoch to provide Trump health updates in deal to delay Epstein case deposition
    • Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest
    • Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.