XM does not provide services to residents of the United States of America.

Sweden gives radar surveillance planes to Ukraine air force



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Sweden gives radar surveillance planes to Ukraine air force</title></head><body>

Recasts to lead on surveillance aircraft donation

COPENHAGEN, May 29 (Reuters) -Sweden will donate two radar surveillance and command aircraft to Ukraine to boost its defences in the war with Russia, the Swedish government said on Wednesday, its largest aid package to Ukraine so far, worth about 13.3 billion Swedish crowns ($1.3 billion).

The Saab Airborne Surveillance and Control (ASC) 890 aircraft allows easier long-range target identification and will help Ukraine with the planned introduction of F-16 fighter jets donated by other Western countries, Sweden said.

"They will complement and reinforce the F-16 systems," Defence Minister Pal Jonson told a press briefing in Stockholm.

Ukraine's air force, which relies on a relatively small fleet of old, Soviet-era jets, wants F-16s to help enhance its air defences amid regular Russian air strikes and to push back against advanced Russian fighter jets.

Earlier this week, Ukraine's defence minister said he hoped the first F-16 fighter jets would be delivered to Ukraine "very soon".

The Swedish government said last week it planned to givemilitary support to Ukraine totalling 75 billion Swedish crowns ($7.1 billion) over three years.

Sweden will now speed up orders for S 106 Global Eye aircraft to replace the donated planes, Jonson said.

($1 = 10.5752 Swedish crowns)



Reporting by Stine Jacobsen; Editing by Bernadette Baum

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.