Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

France, Italy close to deal on supplying air defence system to Ukraine -sources

Published 01/26/2023, 12:27 PM
Updated 01/26/2023, 05:42 PM

PARIS (Reuters) - France and Italy are close to finalising the technical details to supply an SAMP/T air defence system to Ukraine, two diplomatic sources said on Thursday, although it was unclear how quickly a final decision would come.

Russia sent Ukrainian civilians racing for cover with a rush-hour missile barrage on Thursday, killing at least one person, the day after Kyiv secured Western pledges of dozens of modern battlefield tanks to try to push back the Russian invasion.

Kyiv has asked its Western allies for more air defence systems and specifically requested the SAMP/T, known as Mamba, in November.

France's Defence Minister Sebastien Lecornu will travel to Italy on Friday to meet his Italian counterpart Guido Crosetto, with both sides wanting to push ahead with the SAMP/T talks.

"We are finalising it with the Italians. It's not very far off," said a French diplomatic source.

The system, a joint Franco-Italian consortium can track dozens of targets and intercept 10 at once and is the only European-made system that can intercept ballistic missiles.

"A political decision was made. It's now just finalising the technical details because it's a complicated system," said a second diplomat, adding that the expectation was that French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni would make the decision official.

A third official said technical talks were ongoing.

Paris has previously supplied Mistral shoulder-launched anti-aircraft missiles to Ukraine and the Crotale short-range anti-air missiles, which are used to intercept low-flying missiles and aircraft.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.