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Reuters
Reuters
Business

Germany ramps up military exports, mainly to arm Ukraine

Ukraine Economy Ministry Christian Kraemer Olaf Scholz Russia Berlin Economy
FILE PHOTO: German Chancellor Olaf Scholz gets off a German self-propelled anti-aircraft gun Flakpanzer Gepard with head of training at arms manufacturer Krauss-Maffei Juergen Schoch and CEO of Nexter Defense Systems Frank Haun, during a visit of the training program for Ukrainian soldiers on the Gepard anti-aircraft tank in Putlos near Oldenburg, Germany August 25, 2022. Axel Heimken/Pool via REUTERS

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

By Aug. 24, the value of authorised military exports totalled just under 5.1 billion euros ($5.11 billion), up from some 2.9 billion euros at the same time last year, the ministry said.

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