AIRLINK 192.46 Decreased By ▼ -3.92 (-2%)
BOP 10.23 Increased By ▲ 0.12 (1.19%)
CNERGY 7.53 Decreased By ▼ -0.22 (-2.84%)
FCCL 38.10 No Change ▼ 0.00 (0%)
FFL 15.41 Decreased By ▼ -0.33 (-2.1%)
FLYNG 24.82 Increased By ▲ 0.28 (1.14%)
HUBC 128.08 Decreased By ▼ -2.30 (-1.76%)
HUMNL 13.77 Increased By ▲ 0.04 (0.29%)
KEL 4.44 Decreased By ▼ -0.16 (-3.48%)
KOSM 6.21 Increased By ▲ 0.02 (0.32%)
MLCF 44.62 Decreased By ▼ -0.23 (-0.51%)
OGDC 202.69 Decreased By ▼ -3.82 (-1.85%)
PACE 6.63 Increased By ▲ 0.05 (0.76%)
PAEL 37.95 Decreased By ▼ -1.82 (-4.58%)
PIAHCLA 17.01 Decreased By ▼ -0.19 (-1.1%)
PIBTL 7.84 Decreased By ▼ -0.15 (-1.88%)
POWER 9.40 Increased By ▲ 0.20 (2.17%)
PPL 175.05 Decreased By ▼ -3.86 (-2.16%)
PRL 37.34 Decreased By ▼ -1.59 (-4.08%)
PTC 23.45 Decreased By ▼ -0.86 (-3.54%)
SEARL 104.89 Decreased By ▼ -4.38 (-4.01%)
SILK 1.01 Increased By ▲ 0.01 (1%)
SSGC 36.90 Decreased By ▼ -0.85 (-2.25%)
SYM 18.26 Decreased By ▼ -0.57 (-3.03%)
TELE 8.27 Decreased By ▼ -0.26 (-3.05%)
TPLP 12.13 Decreased By ▼ -0.01 (-0.08%)
TRG 63.98 Decreased By ▼ -0.78 (-1.2%)
WAVESAPP 11.72 Decreased By ▼ -0.39 (-3.22%)
WTL 1.63 Decreased By ▼ -0.01 (-0.61%)
YOUW 3.89 Increased By ▲ 0.02 (0.52%)
BR100 11,856 Decreased By -143.8 (-1.2%)
BR30 34,973 Decreased By -575 (-1.62%)
KSE100 112,745 Decreased By -1510.7 (-1.32%)
KSE30 35,360 Decreased By -509.9 (-1.42%)

Nato member Poland on Monday invited manufacturers of short-range surface-to-air missiles for technical talks for a planned military revamp amid heightened tensions with Russia. The defence ministry said the new acquisitions will be part of a planned anti-missile shield and air defence system which is pegged to cost 7.1 billion euros ($8.8 billion).
A supplier will be chosen in 2016, according to officials. With a population of 38 million people, central Europe's largest country had said last year it would spend 33 billion euros over a decade to upgrade its army. But Warsaw accelerated the plan after Russia, its Soviet-era master, annexed Ukraine's Crimean peninsula in March and gave backing to pro-Moscow separatist rebels fighting in Ukraine's east.
Warsaw shortlisted French manufacturer Thales and American Raytheon in June for a medium range anti-missile and anti-aircraft system, in a contract valued at six billion euros over a decade. Polish President Bronislaw Komorowski said in September that Warsaw was "determined to build its missile shield and air defence system... and ... uphold our obligations for the US portion of this project". Nato's 28 members decided in 2010 to create a missile shield based on US technology. The project is due to be completed in 2020, with significant elements in Poland and Romania.
The Western defence alliance insists the role of the planned shield is a "purely defensive" response to external threats, notably from so-called "rogue states", and is in no way directed against Russia. But Moscow has taken a dim view of the project, seeing it as a security threat on its very doorstep. The escalation of tensions with Russia over its role in the Ukraine crisis has sounded the alarm on Nato's eastern flank in countries that were once under Moscow's thumb.

Copyright Agence France-Presse, 2014

Comments

Comments are closed.