Latest News

Wary of Russia, Germany in talks to buy Arrow 3 missile defence from Israel

0

Wary of Russia, Germany in talks to buy Arrow 3 missile defence from Israel By Reuters

Breaking News

‘;

Economy 58 minutes ago (Sep 12, 2022 13:35)

© Reuters. Israeli Prime Minister Yair Lapid and German Chancellor Olaf Scholz address the media at the Chancellery in Berlin, Germany, September 12, 2022. REUTERS/Christian Mang

BERLIN (Reuters) -Germany is in talks to buy the Arrow 3 missile defence system from Israel as part of Berlin’s efforts to strengthen its armed forces after Russia’s invasion of Ukraine, Israeli Prime Minister Yair Lapid said on a visit to the German capital on Monday.

Germany has ramped up its military spending after Russia sent troops into Ukraine in February, while shipping aid and heavy weapons to Kyiv as part of an international response.

“Israel … will play a part in building Germany’s new defence force, mainly in the field of air defence,” Lapid told reporters, speaking alongside German Chancellor Olaf Scholz.

“… it has to do with our total commitment to the safety of Germany, to the safety of Europe, to the ability of liberal democracies to defend themselves,” he added.

Lapid described their talks as leading to a “future possible deal” but declined to outline the cost. Scholz said Germany would strengthen its defences by buying more air defence systems in the future and called the Arrow 3 system a “high-performance offer” but also declined to go into specifics.

Arrow 3 interceptors are designed to fly beyond the earth’s atmosphere, where their warheads detach to become “kamikaze” satellites, or “kill vehicles” that track and slam into the targets. Such high-altitude shoot-downs are meant to safely destroy incoming nuclear, biological or chemical missiles.

One German government source told Reuters: “Yes, there is the plan to buy Arrow 3, but nothing is signed.”

The two leaders also discussed the stuttering efforts to revive a 2015 nuclear agreement with Iran, with Scholz urging Tehran to not turn down proposals made by Europe.

Lapid was also due to visit the site of the 1942 Wannsee Conference that laid out the “final solution” – the plan by Nazi Germany to exterminate the Jews – later on Monday.

Wary of Russia, Germany in talks to buy Arrow 3 missile defence from Israel

Russia seen cutting benchmark interest rate by 50 bps to 7.5% – Reuters pollBy Reuters – Sep 12, 2022

By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – The Russian central bank is expected to cut its key interest rate by 50 basis points to 7.5% on Friday to encourage…

Rocketing energy prices hit as Europe debates gas price capBy Reuters – Sep 12, 2022

By William Schomberg and Tassilo Hummel
LONDON/PARIS (Reuters) – Europe felt the chill of soaring energy prices on Monday, with France saying it could not foot all of the extra…

Shares, euro jump on Ukrainian advance in northeastBy Reuters – Sep 12, 2022

By Samuel Indyk LONDON (Reuters) -European shares jumped on Monday after Ukrainian forces advanced rapidly in Kharkiv province, in Russia’s worst setback since abandoning its Kyiv…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Four High Frequency Indicators for the Economy

Previous article

Russia seen cutting benchmark interest rate by 50 bps to 7.5% – Reuters poll

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News