Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Netherlands uses new NATO channel to pay for US arms for Ukraine
    Headlines

    Netherlands uses new NATO channel to pay for US arms for Ukraine

    Netherlands uses new NATO channel to pay for US arms for Ukraine

    Published by Global Banking and Finance Review

    Posted on August 4, 2025

    Featured image for article about Headlines

    AMSTERDAM/BRUSSELS (Reuters) -The Netherlands said on Monday it will contribute 500 million euros ($578 million) to purchase U.S. military equipment for Ukraine, becoming the first NATO country to contribute to a new mechanism to supply Kyiv with American weapons.

    President Donald Trump said last month the U.S. would provide weapons to Ukraine, paid for by European allies, but he did not provide details on how this would work.

    "As the first NATO ally, the Netherlands will deliver a €500 million package of US weapon systems (including Patriot parts and missiles)," Dutch Defence Minister Ruben Brekelmans said in a post on X.

    NATO chief Mark Rutte, a former Dutch prime minister, welcomed the announcement and said he has encouraged other alliance members to participate in the new mechanism, called the NATO Prioritised Ukraine Requirements List (PURL) initiative.

    “This is about getting Ukraine the equipment it urgently needs now to defend itself against Russian aggression,” Rutte said in a statement.

    “I have written to all NATO Allies, urging them to contribute towards this burden sharing initiative, and I expect further significant announcements from other Allies soon,” he added.

    The U.S. ambassador to NATO, Matthew Whitaker, told Reuters on Monday that he expected many more countries to announce over the coming weeks that they will participate.

    “We're moving as fast as possible,” Whitaker said in an interview at NATO headquarters in Brussels.

    Asked about a timeline for getting U.S. deliveries to Ukraine under the new mechanism, he said, “I think we'll see it moving very quickly, certainly in the coming weeks, but some even sooner than that.

    “The Dutch are just the first of many. You're going to see a series of announcements in the coming weeks,” he added.

    NATO said it would coordinate the new initiative, which is funded by European members of the alliance and Canada and will be divided into packages worth approximately $500 million.

    In a statement, the alliance said, "Working closely with Ukraine and the United States, the Supreme Allied Commander Europe Alexus Grynkewich will validate packages that correspond to Ukraine’s needs, such as air defence, ammunition and other critical equipment for rapid delivery from U.S. stockpiles".

    Kyiv welcomed the Dutch decision.

    "Ukraine, and thus the whole of Europe, will be better protected from Russian terror," Ukrainian President Volodymyr Zelenskiy wrote on X.

    "I am sincerely grateful to the Netherlands for their substantial contribution to strengthening Ukraine's air shield," he added.

    ($1 = 0.8649 euros)

    (Reporting by Lili Bayer in Brussels, Anthony Deutsch in Amsterdam, and Phillip Stewart and Mike Stone in Washington; Editing by GV De Clercq and Leslie Adler)

    Related Posts
    Luxury goods company Kering and Ardian finalise New York property deal
    Luxury goods company Kering and Ardian finalise New York property deal
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    EU to relent on combustion engines ban after auto industry pressure
    EU to relent on combustion engines ban after auto industry pressure
    US suspends technology deal with Britain, FT reports
    US suspends technology deal with Britain, FT reports
    Taiwan's global credibility on the line with disputed laws, president says
    Taiwan's global credibility on the line with disputed laws, president says
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Europe to launch international commission for Ukraine war damages
    Europe to launch international commission for Ukraine war damages
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    Britain clinches upgraded South Korea trade deal
    Britain clinches upgraded South Korea trade deal

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Trump says lawsuit against BBC likely to be filed soon

    Trump says lawsuit against BBC likely to be filed soon

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    UK military chief urges Britain to better prepare for Russia threat

    UK military chief urges Britain to better prepare for Russia threat

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Serbia's prosecutor files to indict minister in connection with Kushner project

    Serbia's prosecutor files to indict minister in connection with Kushner project

    French court jails Congo ex-rebel leader for 30 years

    French court jails Congo ex-rebel leader for 30 years

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    France says cattle disease under control as farm protests continue

    France says cattle disease under control as farm protests continue

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    Israeli forces kill Palestinian teen in West Bank, health ministry says

    View All Headlines Posts
    Previous Headlines PostHundreds gather to mark five years since Beirut blast, but justice still elusive
    Next Headlines PostTesla approves share award worth $29 billion to CEO Elon Musk