Shares of German defense company Rheinmetall fell by 4.5 percent. The newspaper writes about this Wall Street Journal (WSJ).
According to the publication, the reason for the sharp decline in share prices was the publication of the Frankfurter Allgemeine Sonntagszeitung newspaper, which stated that Berlin did not have enough funds for new expenditures to help Kiev.
It is noted that since the beginning of the year, the price of Rheinmetall shares has increased by 89%, as the company has received most of the orders for the production of military equipment and ammunition for Ukraine from the German government.
Before that reportedRheinmetall plans to transfer Leopard 2A4 tanks and Buffel armoured recovery vehicles (ARVs) to the Czech Republic in exchange for those delivered to Ukraine. The company will supply tanks and armoured vehicles as part of a cyclical exchange process organised by the German government to provide military support to Kiev.
Formerly Rheinmetall accepted Record snowfall due to conflict in Ukraine