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German arms-maker Rheinmetall ready to boost production By Reuters

by Index Investing News
January 29, 2023
in Markets
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© Reuters. U.S. Secretary of Defense Lloyd Austin, Ukraine’s Defense Minister Oleksiy Reznikov, Iceland’s Minister of Foreign Affairs Thordis Kolbrun Reykfjord Gylfadottir and NATO Secretary General Jens Stoltenberg, meet to discuss how to help Ukraine defend itself

2/3

(Reuters) – German arms-maker Rheinmetall is ready to greatly boost the output of tank and artillery munitions to satisfy strong demand in Ukraine and the West, and may start producing HIMARS multiple rocket launchers in Germany, CEO Armin Papperger told Reuters.

FIGHTING

* Russia accused the Ukrainian military of deliberately striking a hospital in a Russian-held area of eastern Ukraine on Saturday in what it said was a war crime that killed 14 people and wounded 24 patients and medical staff. There was no immediate response to the allegations from Ukraine. Reuters was not able to independently verify the report.

* A Russian strike killed three people in a residential district of the eastern Ukrainian city of Kostiantynivka on Saturday, the regional governor said.

* President Volodymyr Zelenskiy described the situation at the front as “extremely acute”, particularly in the eastern Donetsk region where Russia is stepping up an offensive.

* Zelenskiy reported major battles for Vuhledar, to the southwest of Donetsk’s regional capital, and Bakhmut, to the northeast.

ARMS

* Expedited talks are under way among Ukraine and its allies about its requests for long-range missiles that it says are needed to prevent Russia from destroying its cities, a top aide to President Zelenskiy said.

* Ukraine has been promised 321 heavy tanks by several countries, its ambassador to France said.

* Poland will send an additional 60 tanks to Ukraine on top of the 14 German-made Leopard 2 tanks it has pledged, the Polish prime minister said in an interview with Canadian television.

DIPLOMACY

* North Korea criticised for a second day a U.S. decision to send tanks to Ukraine, calling it an “unethical crime” aimed at perpetuating an unstable international situation.

* Russia’s deputy foreign minister Sergei Ryabkov will hold a meeting with Lynne Tracy, the new U.S. ambassador, early next week, the RIA news agency reported.

* Ukraine’s Zelenskiy condemned the idea of neutrality in sports at a time when his country’s athletes fight and die in war, while their Russian counterparts might be allowed to compete.

CHILDREN IN WAR

* Russia is violating the “fundamental principles of child protection” in wartime by giving Ukrainian children Russian passports and putting them up for adoption, the U.N. refugee agency chief told Reuters.

SANCTIONS

* Ukraine imposed sanctions on 182 Russian and Belarusian companies, and three individuals, in the latest of a series of steps by Zelenskiy to block their links to his country.

* The U.S. Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose U.S. market access if they do business with entities subject to U.S. curbs as Washington cracks down on Russian attempts to evade sanctions.



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