Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Finance
    3. >Ukraine may form joint ventures with allies to boost defences against ballistic missiles
    Finance

    Ukraine May Form Joint Ventures With Allies to Boost Defences Against Ballistic Missiles

    Published by Global Banking & Finance Review®

    Posted on February 27, 2026

    2 min read

    Last updated: April 2, 2026

    Add as preferred source on Google
    Image depicting the aftermath of Ukrainian drone strikes in Tula and Nizhny Novgorod regions, highlighting the ongoing conflict and its impact on civilians. Relevant to recent drone attacks targeting industrial sites in Russia.
    Ukrainian drone attacks on Russia's Tula region - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    Tags:FinanceBankingMarkets

    Quick Summary

    Ukraine says it may form joint ventures with allies to develop air defenses that can intercept ballistic missiles as Patriot PAC-3 interceptor stocks run critically low. The push reflects a broader global interceptor shortage and limited annual PAC-3 production capacity, complicating resupply. ([cep

    Ukraine weighs joint ventures to strengthen Patriot ballistic defences

    By Max Hunder

    Main story

    Consortia plan to expand air defence capabilities

    KYIV, Feb 27 (Reuters) - Ukraine is considering forming consortia with its allies to build air defences capable of downing ballistic missiles and overcome a critical deficit of munitions for U.S.-made Patriot systems, its defence minister said. 

    Patriot systems have been an important part of Ukraine's efforts to defend its skies against Russian ballistic missiles, which fly faster than the speed of sound and cannot be intercepted by Ukraine's other air defence systems.

    Patriot PAC-3 missile shortages

    Stocks of the Patriot system's PAC-3 missiles have been running "critically" low, Defence Minister Mykhailo Fedorov said. 

    "Ukraine has significant potential to independently produce counter-ballistic systems and missiles," Fedorov told reporters this week, adding that air defences had been his main focus since he took office in mid-January. 

    President Volodymyr Zelenskiy has repeatedly criticised delays by Ukraine's allies in providing Patriot missiles and other air defences since Russia's 2022 invasion, and said that at one point in January several systems had run out of ammunition.

    Talks on joint ventures and domestic production

    Fedorov said he had discussed the idea of creating joint air defence ventures with Zelenskiy. Reuters could not determine whether discussions have already taken place with allies or which of its allies Kyiv has in mind.

    "This requires a dedicated project - the mathematics is complex and requires time. But Ukraine must develop its own capabilities," Fedorov said.

    STARLINK CUT-OFF

    SpaceX action and impact on battlefield connectivity

    Fedorov touted an early success in his tenure last month after Elon Musk's SpaceX agreed to cut off Russian forces from thousands of its Starlink satellite internet terminals which were not on a Kyiv-approved whitelist.

    He said that since the cut-off, the number of Russian livestream connections on the battlefield had dropped elevenfold.

    "We effectively cut Russia off from this connectivity," he said.

    Communications resilience and interception shifts

    The terminals are resistant to electronic jamming and thus an invaluable means to communicate on the battlefield and to pilot drones.

    Fedorov said intercepts of radio frequencies, which can be disrupted more easily, had increased significantly after the cut-off.

    (Reporting by Max Hunder, Editing by Daniel Flynn, Timothy Heritage and Gareth Jones)

    References

    • Swamped? The Math of Ukraine’s Missile Crisis - CEPA
    • What happened after Elon Musk took the Russian army offline

    Table of Contents

    • Main story
    • Consortia plan to expand air defence capabilities
    • Patriot PAC-3 missile shortages

    Key Takeaways

    • •Patriot remains Ukraine’s key Western system for engaging Russian ballistic and quasi-ballistic threats, but Kyiv warns PAC-3 interceptor availability is becoming a binding constraint on air defense coverage. (cepa.org)
    • •A consortium/joint-venture approach aligns with the industrial reality that PAC-3 MSE output is ramping but still limited (hundreds per year globally), while demand has surged across multiple theaters. (cepa.org)

    Frequently Asked Questions about Ukraine may form joint ventures with allies to boost defences against ballistic missiles

    1Why is Ukraine considering joint ventures with allies on air defence?

    Defence Minister Mykhailo Fedorov said Ukraine is considering consortia with allies to build air defences able to down ballistic missiles and to address a critical deficit of Patriot munitions.

  • Talks on joint ventures and domestic production
  • STARLINK CUT-OFF
  • SpaceX action and impact on battlefield connectivity
  • Communications resilience and interception shifts
  • •Ukraine is simultaneously tightening battlefield connectivity dynamics: SpaceX’s stricter Starlink verification reportedly disrupted unverified (including Russian) terminal use, forcing more vulnerable radio comms. (businessinsider.com)
  • 2What is the issue with Patriot PAC-3 missile supplies?

    Fedorov said stocks of the Patriot system's PAC-3 missiles have been running "critically" low, with Zelenskiy also criticising delays in receiving Patriot missiles and other air defences.

    3Why are Patriot systems important for Ukraine's air defence?

    Patriot systems have been important for defending against Russian ballistic missiles, which fly faster than the speed of sound and cannot be intercepted by Ukraine's other air defence systems.

    4Did Ukraine discuss the joint-venture idea with President Zelenskiy?

    Fedorov said he discussed creating joint air defence ventures with Zelenskiy, but Reuters could not determine whether discussions had taken place with allies or which allies Kyiv had in mind.

    5What did Fedorov say about Starlink terminals used by Russian forces?

    Fedorov said SpaceX agreed to cut off Russian forces from thousands of Starlink terminals not on a Kyiv-approved whitelist, and that Russian livestream connections on the battlefield dropped elevenfold afterward.

    More from Finance

    Explore more articles in the Finance category

    Image for War spurs EU plan for electricity tax cuts, faster shift from fossil fuels, draft shows
    War Spurs EU Plan for Electricity Tax Cuts, Faster Shift From Fossil Fuels, Draft Shows
    Image for Nominations Open: Recruitment Technology Innovation of the Year 2026
    Nominations Open: Recruitment Technology Innovation of the Year 2026
    Image for Recruitment Industry Supplier of the Year 2026: Nominations Now Open
    Recruitment Industry Supplier of the Year 2026: Nominations Now Open
    Image for Apply Now: Recruitment Industry Entrepreneur of the Year 2026
    Apply Now: Recruitment Industry Entrepreneur of the Year 2026
    Image for Organisations Invited to Compete for Best Workforce Diversity Initiative 2026
    Organisations Invited to Compete for Best Workforce Diversity Initiative 2026
    Image for BoE's Bailey sees major cybersecurity risks in new Anthropic model
    BoE's Bailey Sees Major Cybersecurity Risks in New Anthropic Model
    Image for Nominations Open: Most Effective Recruitment Marketing Campaign 2026
    Nominations Open: Most Effective Recruitment Marketing Campaign 2026
    Image for Apply Now for Most Effective Employer Brand Development 2026
    Apply Now for Most Effective Employer Brand Development 2026
    Image for Apply Now for Best Talent Acquisition Strategy 2026
    Apply Now for Best Talent Acquisition Strategy 2026
    Image for Entries Are Now Open for Best Specialist Job Board 2026
    Entries Are Now Open for Best Specialist Job Board 2026
    Image for Nominations Open: Best Regional Job Board 2026
    Nominations Open: Best Regional Job Board 2026
    Image for Calling Entries: Best New HR & Recruitment Company 2026
    Calling Entries: Best New HR & Recruitment Company 2026
    View All Finance Posts
    Previous Finance PostEU Fast-Tracks Trade Deal With South America's Mercosur, to France's Chagrin
    Next Finance PostVw Receives Preliminary Bids for Diesel Engine Business Everllence at Around $9.4 Billion, Sources Say