South Korean loan for Poland arms deal does not exist, says PM

South Korean loan for Poland arms deal does not exist, says PM
By: Times of India Posted On: December 27, 2023 View: 7

Poland's prime minister revealed that the South Korean loan to finance arms deals does not exist, although the government still plans to continue with the purchases. There was a misunderstanding, and it turned out that there was no Korean loan. Warsaw had signed arms deals with South Korea as part of its military buildup in response to Russia's invasion of Ukraine. The new government will review defense contracts, but intends to honor those that have been signed.

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