FT: Czechia leading initiative to collect USD 1.5 billion for shells for Ukraine

Czechia is leading a Europe-wide campaign to collect USD 1.5 billion to buy ammunition for Ukraine from outside the EU, the Financial Times reported on Friday. The newspaper writes that Czechia is spearheading the initiative to compensate for the congressional deadlock on US aid and delays in European production.

Czech President Petr Pavel already announced the plan to buy artillery shells for Ukraine from so-called third countries at the Munich Security Conference last week, but the Financial Times has newly revealed the amount of money Czechia is calling for, citing unnamed sources.