It was previously reported that the budget planning of the Federal Government of Germany does not provide for the allocation of new funds in support of Ukraine, the opposition announced the freezing of financial and, consequently, military support for Kyiv.
Shares of German defense companies fell on Monday, August 19, after news emerged that Germany would not approve additional requests for military aid to Ukraine due to budget constraints. Reuters wrote this on Monday, August 19.
In particular, shares of the German arms manufacturer Rheinmetall fell by 3%.
While shares of Hensoldt, maker of radars for the IRIS-T air defense system, and tank gearbox maker Renk fell 6% and 4% respectively.
In this regard, a representative of Hensoldt called the news in the media “false”. He also added that the company has not experienced any negative impact on the business.
Earlier it became known that the budget planning of the German federal government does not provide for the allocation of new funds to the support of Ukraine the opposition is talking about freezing financial, and therefore military, support for in Kyiv.
Let’s remember that German Chancellor Olaf Scholz promised Ukraine more air defense, missiles and ammunition. The German side was not long in coming with the delivery.
Source: korrespondent
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