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Israel to Sell Cyprus Naval Vessels and Weapons for $165 Million
Israel is set to sell naval vessels and weapon systems to Cyprus for approximately 150 million euros in a deal approved by both defense ministries. The agreement between Israel Shipyards and Rafael Advanced Defense Systems aims to deepen bilateral ties and strengthen alliances in the region.
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What happened
- 01Israel Shipyards and Rafael will supply Cyprus with naval vessels and weapons for about 150 million euros.
- 02The deal has been approved by the defense ministries of Israel and Cyprus and is expected to be signed soon.
- 03The agreement aims to enhance military, political, and economic ties between Israel and Cyprus.
- 04The sale is seen as a move to strengthen alliances with Cyprus and Greece amid regional tensions.
- 05Cyprus is also considering purchasing additional Israeli anti-drone and anti-missile systems.
This follows previous defense sales and broader regional security cooperation agreements involving Israel, Cyprus, and Greece.
The coverage
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