Germany eases arms exports restrictions for Gulf states, Ukraine
Tweet
Share
E-mail
A general view shows a PA-200 Tornado combat aircraft, at an air base of German army Bundeswehr, in Buechel, Germany, July 18, 2024. REUTERS/Thilo Schmuelgen
BERLIN, March 20 (Reuters) - Germany has simplified the export of certain air and naval defence equipment to the Gulf states and Ukraine to ensure deliveries arrive rapidly, said the economy ministry on Friday.
"Iran's indiscriminate attacks on the Gulf states have resulted in an urgent need for military equipment, particularly for air defence," said Economy Minister Katherina Reiche.
"With the new, temporary licence, we are adapting our arms export control procedures for the export of urgently needed arms to these countries to meet these new requirements," she added.
In addition to Ukraine, the new general export licence, valid for six months, applies to exports to Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman.
Under the new regulation, exporters are permitted to export goods without first having to submit an individual application to the BAFA office for export control, said the ministry.
The regulation, which stipulates that the companies must register and deliver monthly reports, applies to goods for air and naval defence, including the disposal of sea mines, it said.
(Reporting by Holger Hansen, Writing by Miranda Murray, Editing by Friederike Heine)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Philippines begins identifying victims from ferry fire as dozens still missing
- China's Xi lands in Delhi for BRICS summit and talks with Modi
- Meloni sees Italy 2026 growth at 1%, matching euro zone
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
