It will take months for Germany to supply Ukraine with the German IRIS-T SLM air defense systems, said German Foreign Minister Annalena Baerbock during a speech in the Bundestag.

When asked about the delivery of IRIS-T SLM to Kyiv, which was previously announced by Chancellor Olaf Scholz, Baerbock said: "Yes, it will take months."

The Minister explained the delay by the fact that the weapons will be supplied by the manufacturer Diehl directly to Ukraine, and not from Bundeswehr warehouses. …

The Turkish defense company Baykar will donate a Bayraktar TB2 advanced combat drone to Lithuania for transfer to Ukraine after Lithuanian citizens raised nearly 6 million euros to buy one. Baykar is requesting that the funds be used instead to provide humanitarian aid for Ukrainians.

“The people of Lithuania have honorably raised funds to buy a Bayraktar TB2 for Ukraine,” the company wrote on Twitter. “Upon learning this, Baykar will gift a Bayraktar TB2 to Lithuania free of charge and asks …

Ukraine will buy about 60 self-propelled artillery howitzers AHS Krab in addition to the 18 that Poland already shipped to Ukraine, reported the Polish newspaper Dziennik.

According to the newspaper, on Tuesday an agreement was signed for three more shipments, that is, about 60 howitzers capable of hitting targets at a distance of up to 40 km.

They will be manufactured by Huta Stalowa Wola, which is part of Polska Grupa Zbrojeniowa SA concern. Deliveries will begin in the next few months. The …

Russia failed to pay a $1.9 million interest payment on an international bond, bringing the country closer to its first major external debt default in over a century. The late payment could force payouts of billions of dollars to holders of insurance on Russian bonds.

Russia’s International 2022 bond matured on April 4th, but principal and interest payments were not made until May 2nd.  

The Credit Derivatives Determinations Committee overseeing Europe voted Wednesday that the missed payment …

The United States purposefully and diligently "add fuel to the fire" and wants "to fight Russia to the last Ukrainian," said Russian presidential spokesperson Dmitry Peskov, commenting on Washington’s decision to supply Ukraine with HIMARS (High Mobility Artillery Rocket Systems) multiple launch rocket systems.

According to the Kremlin spokesperson, such supplies do not help to prompt Ukrainian leadership to resume peace negotiations.

Peskov noted that the Kremlin does not trust Kyiv's …

German Chancellor Olaf Scholz announced Wednesday that Germany would be sending an air defense system and a tracking radar to help Ukrainian forces locate sources of Russian artillery.

“This, too, is a decision we have made that ensures Ukraine’s security with the most modern equipment,” Scholz told Germany’s Federal Parliament.

The Chancellor noted the German-made IRIS-T air defense system was among the most sophisticated in the German arsenal and could be deployed to protect entire cities. …

US President Joe Biden confirmed Tuesday that Washington is sending medium-range Multiple Launch Rocket Systems (MLRS) to Ukraine. The move comes in response to repeated requests from Kyiv that the West supply such weapons.

The weapons can hit targets at a longer range than the weapons Ukraine currently has. The specific model that will be supplied is the M142 High Mobility Artillery Rocket System (HIMARS), which can hit targets from a distance of approximately 50 miles.

Biden stated the …

Six packages of EU sanctions against Russia will destroy the financial foundation of Russian President Vladimir Putin and will hit the Russian economy hard, said European Commission President Ursula von der Leyen.

"Most importantly, there are six big sanctions packages. These sanctions are biting hard and really destroying the financial basis of Putin, who is waging this war, and are hitting the Russian economy hard," von der Leyen said at a press conference following a special meeting of the …