(Al Jazeera) Hungary to allow NATO aid to flow to Ukraine - Hungary has agreed not to block NATO military aid to Ukraine, but it will not help either, the military allianceâs chief says. After meetings with Hungarian Prime Minister Viktor Orban, NATO Secretary-General Jens Stoltenberg told reporters in Budapest on Wednesday that he âacceptsâ the position of the Central European country not to participate in NATO efforts for Ukraine.
- âNo Hungarian personnel will take part in these activities and no Hungarian funds will be used to support them,â Stoltenberg said. âAt the same time, the prime minister has assured me that Hungary will not oppose these efforts, enabling other allies to move forward, and he has confirmed that Hungary will continue to meet its NATO commitments in full,â he added.
- This year, Stoltenberg announced that NATO is seeking to guarantee long-term weapon deliveries to Kyiv and establish a 100-billion-euro ($108bn) fund to pay for them. However, Hungary was quick to express its opposition. The alliance hopes to seal an agreement on the proposals at a summit next month, and NATO decisions require consensus among its 32 members.
(New York Times) Ukraine Says It Shot Down Most of a Russian Missile and Drone Barrage - Ukraine said on Wednesday that it had drawn on stocks of antiaircraft missiles recently replenished by the United States and other allies to shoot down 29 of 30 missiles and exploding drones that Russia had fired at the country in an overnight barrage.
- It was one of the better rates of interception by Ukraine so far during the war and underscored the impact of having fresh supplies of Western weaponry to bolster a war effort that had struggled mightily in recent months.
- The cruise missiles, launched from bombers flying in Russian air space, were timed to arrive in Kyiv simultaneously with a volley of Iranian-designed Shahed exploding drones. In the overall attack, according to the Ukraine Air Force, Russia also fired three ballistic missiles, an Iskander medium-range, ground-launched ballistic missile and two air-launched Kinzhal, or Dagger missiles, which are dispatched from airplanes and fly at hypersonic speeds. Ukrainian and Western officials have said that Patriot interceptors are the only defense against the Dagger missiles.
- Ukraine shot down five of six missiles and all 24 Shahed drones, the air force said in a statement that could not be independently confirmed. The average shoot-down rate for drones for the 12 months through April was about 80 percent, data from the Ukraine Air Force shows. The interception rate for missiles had fallen in some months this year to less than 50 percent, the data indicated.
- European countries have also ramped up supplies of air-defense missiles to Ukraine. With more missiles available for short, medium and long-range systems, Ukraine could be expected to increase its ratio of interceptions during Russian missile attacks, said Valeriy Romanenko, a senior researcher at Ukraineâs National Aviation University. The attack on Wednesday showed good results in downing cruise missiles, Mr. Romanenko said, but too few were fired to ascertain whether Ukraineâs air defenses have been fully restored after the shortages. The volley was possibly a probing attack by Russia to flush out the location of Ukrainian air-defense positions, he said. The real test would come with a larger barrage.
(Kyiv Independent) Rheinmetall, Kyiv agree to start producing Lynx armored vehicles in Ukraine in 2024 - The German arms company Rheinmetall and the Ukrainian government agreed on the sidelines of the Ukraine Recovery Conference in Berlin to begin production of the modern Lynx armored vehicles in Ukraine this year, officials confirmed for the media on June 12.
- "The first such vehicle will be produced in Ukraine by the end of the year," Strategic Industries Minister Alexander Kamyshin told Ukrinform in Berlin.
- The news comes shortly after Rheinmetall opened its first plant in Ukraine. The factory will repair and later also produce armored vehicles jointly with the Ukrainian state-owned enterprise Ukroboronprom.
- The location of the plant was not disclosed due to security reasons. The company previously said it plans to open at least four production plants in Ukraine.
(Kyiv Independent) G7 agrees on transfer of $50 billion in profits from frozen Russian assets to Ukraine - The G7 has reached an agreement to provide Ukraine with $50 billion by the end of the year using profits from frozen Russian assets, the French presidency said on June 12 in comments reported by AFP. On June 11, it was reported the G7 will create a fund to support Ukraine using the income generated from frozen Russian assets, Nikkei Asia reported.
- The fund will reportedly be created under an international organization such as the World Bank, with contributions in the form of âExtraordinary Revenue Accelerationâ (ERA) loans.
- While Western countries have frozen $300 billion in Russian assets, they can only access the income generated by these funds, approximately $3.2 billion, annually. By setting up a fund with loans to be repaid using this income, countries can offer immediate support to Ukraine beyond this amount.
- The U.S. proposed seizing Russian assets outright in accordance with its recently passed REPO act, but the European Union has been more hesitant, fearing legal and fiscal pitfalls of confiscation.
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