Ukraine is to sign a memorandum with the UK to secure £1.25 billion in funding to build new military vessels for the Ukrainian Navy, the first two ships will be constructed in the UK and the remaining 6 vessels will be built in Ukraine.
The vessels will be of the Barzan class, a British-designed fast attack missile boat. The Barzan class were first ordered by the Qatari Navy in 1992. Vosper Thornycroft ( Babcock International) was chosen to build the 4 ships of the class.
Ukrainian President Volodymyr Zelenskiy was reported by local media as saying that the memorandum would be signed his state visit to the UK this week.
“This is an important strategic document … we will sign this memorandum for the amount of 1.25 billion pounds,” Zelenskiy said.
It has also been reported that the funds would be in the form of a 10-year loan.
You can read more about this class of vessel at the link below.