Britain and Canada have halted negotiations to merge defense financial institutions due to disagreements over the location of headquarters and terms for accepting new members, Bloomberg reports. Against the background of the refusal of the merger, the British authorities plan to allocate up to 20 billion pounds to finance national businesses and the military industry. The parties will continue to develop independent projects: the British MDM mechanism will focus on the joint procurement of weapons in Europe, and the Canadian DSRB bank will attract private capital and lend to defense enterprises.

Britain and Canada have halted negotiations to merge defense financial institutions due to disagreements over the location of headquarters and terms for accepting new members, Bloomberg reports. Against the background of the refusal of the merger, the British authorities plan to allocate up to 20 billion pounds to finance national businesses and the military industry. The parties will continue to develop independent projects: the British MDM mechanism will focus on the joint procurement of weapons in Europe, and the Canadian DSRB bank will attract private capital and lend to defense enterprises.