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German-made Leopard 1 Tanks heading from Belgium to Ukraine

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A European nation has acquired dozens of second-hand Leopard 1 tanks, formerly belonging to Belgium, to provide support to Ukrainian forces engaged in combat against Russia’s invasion.

These German-made Leopard 1 tanks were a focal point of contention earlier this year when Belgian Defence Minister Ludivine Dedonder stated that the government had explored repurchasing tanks to aid Ukraine, but faced exorbitant pricing.

This clash underscored the dilemma Western governments face in sourcing weaponry for Ukraine after more than a year of intense conflict – weapons once discarded as outdated are now in high demand, often held by private companies.

Freddy Versluys, CEO of defense company OIP Land Systems, purchased the tanks from the Belgian government over five years ago. He revealed to Reuters that he has now sold all 50 tanks to another European nation, the identity of which remains confidential due to a non-disclosure agreement. The transaction amount also remains undisclosed.

Export to Ukraine

Germany’s Handelsblatt newspaper reported on Tuesday evening that arms manufacturer Rheinmetall (RHMG.DE) has acquired the tanks and will prepare most of them for export to Ukraine. Rheinmetall declined to comment.

Versluys posted on LinkedIn, accompanied by a photo of tanks beside a bottle of Ukrainian vodka: “The fact that they leave our company proves that we asked for a fair market price and someone was more than happy to take them.”

He further noted that the tanks are presently being transported to a factory for comprehensive refurbishment. Some will serve as spare parts, while others will undergo repair. Versluys estimated that it could take four to six months before these tanks are operational on the Ukrainian battlefield.

Several Western allies of Kyiv had previously agreed to provide modern Leopard 2 tanks and older Leopard 1 models to Ukraine.

The Leopard 1, produced by the German firm Krauss-Maffei since the 1960s, is lighter than the Leopard 2 and features a distinct main gun. The models sold by Versluys underwent their last upgrade in the 1990s.

 

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Survival of the fittest: the future of hospitality demands adaptability

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Exploring the highs and lows of business with a hospitality veteran.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Nick Russian, Managing Director of Russian Entertainment. #wyld money #trending

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Ultra-processed diets could be the hidden path to weight gain

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Understanding calories and their role in dieting on the human body.

Calories, units of energy from food, are vital for bodily functions, and calorie counting helps manage weight by tracking energy intake. However, recent insights reveal that not all calories are equal, and nutritional quality is crucial.

Processed foods, rich in added sugars, unhealthy fats, and sodium, lack essential nutrients, contributing to obesity and diseases.

Kate Save from BeFitFood joins to discuss.

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Online shopping and the pivotal issue of returns continues

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Big businesses are continuing to balance customer expectations and logistics.

While many love the convenience, there are still significant challenges with delivery and returns. From delayed packages to cumbersome return processes, its clear that there’s room for improvement.

Ticker’s Ahron Young & Mike Loder discuss.

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