Ukraine Gets Long-Term German and French Security Guarantees.

ECONOMICS of war; GROUP of Seven countries; CABINET officers; WAR; SURETYSHIP & guaranty; SECURITIES trading

President Volodymyr Zelenskiy of Ukraine has signed long-term security agreements with German Chancellor Olaf Scholz and French President Emmanuel Macron. These agreements aim to deter future aggression from Russia against Ukraine after the current war ends. Germany has also announced a new package of air-defense and artillery systems worth €1.1 billion ($1.2 billion) for Ukraine, while France has pledged additional assistance worth up to €3 billion for this year. The agreements and military aid send a clear message to Russian President Vladimir Putin, according to Scholz. Ukraine is facing a shortage of artillery shells, which could lead to a narrower effort along the war front and potential advances by Russia. The US assistance remains deadlocked in Congress, and Ukraine may need double the military support from the European Union if more US assistance does not materialize. The effort to supply Ukraine with sufficient ammunition is becoming more difficult as Russia has scaled up its production capacity. [Extracted from the article]

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