France and Ukraine Seal Historic Deal for 100 Rafale Jets Amid Escalating Russian Attacks
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In a major boost to Ukraine's air defenses, President Volodymyr Zelenskiy has secured a preliminary deal with France to purchase up to 100 Dassault Aviation SA-produced Rafale fighter jets. The agreement, signed during Zelenskiy's visit to Paris, also includes plans to acquire air defense systems, radars, and drones from the French manufacturer. The deal comes as Ukraine faces increased air strikes from Russia, which has been targeting the country with missiles, drones, and glide bombs. Zelenskiy has emphasized the need for more air defenses, including Patriot systems and fighter jets, to repel these attacks. The first delivery of the Rafale jets will depend on the training of Ukrainian pilots and the development of necessary infrastructure. The French presidency stated that financing for the deal will be subject to individual contracts, with potential funding coming from the European Union's €150 billion Security Action for Europe loan fund and other resources. This agreement marks a significant shift in Ukraine's military procurement strategy, with the country increasingly turning to European providers for support. The deal follows a similar agreement with Sweden for the supply of up to 150 Saab fighter jets. Ukraine's reliance on international funding has led to a surge in European allies taking on the bulk of responsibility for financing aid to Kyiv. The country aims to deploy funds from a Group of Seven mechanism to finance the purchase of French hardware. In addition to the Rafale jets, Ukraine will also receive eight French SAMP/T air defense systems, which Zelenskiy described as 'one of the greatest' air defense systems in the world. The two countries have also agreed to collaborate on joint industrial projects, including the production of interceptor drones and the development of required technology. Shares in Dassault Aviation surged by up to 8% in Paris following the announcement, reflecting the significance of the deal for the French manufacturer.
