Q3 Earnings Alert: These are the most overvalued right nowSee Overvalued Stocks

Berlin scraps plans for joint tank maintenance hub in Poland

Published 12/07/2023, 11:54
Updated 12/07/2023, 14:25
© Reuters.

By Sabine Siebold

BERLIN (Reuters) -Berlin on Wednesday scrapped plans for a joint tank maintenance hub in Poland after arduous talks failed, saying modern Leopard 2 tanks damaged in the Ukraine war will be repaired in Germany.

"Leopard 2A5 and Leopard 2A6 tanks will be repaired in Germany and likely in Lithuania," said a German defence ministry spokesperson.

Originally, Berlin and Warsaw had aimed to establish a joint maintenance hub in Poland to reduce the distance the tanks have to be shipped, but the talks dragged on for months amid accusations the prices demanded for the repairs in Poland were far higher than the usual rates.

Berlin has supplied around 20 Leopard 2A6 tanks to Kyiv, while Poland delivered the older Leopard 2A4 tanks.

During a visit to Poland on July 3, German Defence Minister Boris Pistorius had put pressure on those involved in the talks, saying they must conclude within 10 days so Berlin could decide "in what direction to plan".

This was seen by some as a veiled threat that the hub could be established somewhere other than Poland.

German and Polish companies were involved in the negotiations, as well as both countries' governments, and the main problems were seen on the companies' side.

The Polish defence ministry did not immediately respond to requests for comment.

Poland and Germany aim to coordinate the maintenance of Leopard 2 tanks, said the ministry spokesperson in Berlin on Wednesday, without mentioning the original idea of the establishment of a joint hub for this purpose.

© Reuters. A Polish army instructor stands with Polish soldiers in front of a Leopard 2A5 in Swietoszow, Poland January 31, 2023. REUTERS/Kuba Stezycki

The spokesperson said the maintenance of the modern tanks could start immediately, as soon as needed by Ukraine.

"Talks on how Leopard 2A4 tanks can be serviced are ongoing," the spokesperson said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.