Russia deliberately targeted a building used by the U.S. aerospace and defense giant Boeing in a recent attack on Kyiv,  the Financial Times reported on June 15.

Overnight on June 9-10, Russian forces launched hundreds of drones and seven missiles in one of the biggest attacks on Ukraine, damaging buildings across the capital. One of the targets included Boeing’s office, according to two Boeing employees, three Ukrainian officials, and the head of the American Chamber of Commerce (ACC) in Ukraine, whom the FT spoke with.

"This is not just an attack against Ukraine, but also an attack where American business is being hit," Andy Hunder, President of the ACC in Ukraine, which represents nearly 700 U.S. and international investors and corporate members, told the Kyiv Independent.

"This is a war against a world where American businesses are making money and thriving," he added.

The strikes on Kyiv came after Ukraine surprised Russia with Operation Spiderweb that saw hundreds of drones target four airbases in Russia and damage 41 war planes. Moscow promised to retaliate in response.  

Boeing, one of the largest American companies operating in Ukraine, cooperates with the Ukrainian aerospace and defense company Antonov, with the two companies exploring several joint ventures and opportunities, including in defense.

Boeing told the FT that none of its employees were injured in the attack and that it continues to operate in Ukraine, where it employs some 1,000 people.

Antonov has also suffered from Russian strikes, as have other defense production sites. As Ukraine pushes for domestic defense production instead of relying on foreign imports, Ukrainian officials say that Moscow is attempting to hinder Ukraine’s efforts to manufacture arms.

German defense company Rheinmetall opened up a factory in Ukraine last October to produce a batch of Lynx infantry fighting vehicles. Moscow threatened the company, saying it was a legitimate target, although Rheinmetall said its facilities are well protected.

Russia has repeatedly targeted other Western businesses. Nearly half of the ACC’s members have had facilities damaged or destroyed, but 90% still continue to operate in Ukraine, Hunder said.

"The American business community is here, it continues to operate, and it's united," he added.

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Germany aims to prioritize defense spending in the next EU budget while firmly opposing any increase in national contributions, according to a position paper obtained by the Financial Times (FT).

As the bloc’s largest economy and top net contributor, Berlin wants EU funds to support joint arms procurement and help expand production capacity among European weapons manufacturers.

The paper reportedly reflects Germany’s broader shift toward higher domestic military spending in response to Russia’s ongoing threat and amid calls by U.S. President Donald Trump for Europe to shoulder more of its own defense.

Berlin argues the EU budget should also fund dual-use technologies, military transport corridors, and other security-related initiatives despite current treaty restrictions on defence spending from the common budget, according to FT.

To free up funds for these priorities, Germany proposes cutting administrative costs and simplifying the EU budget structure. The government supports reducing the number of programes, granting the European Commission more flexibility to shift funds, and focusing spending on strategic areas such as cross-border infrastructure, energy security, digitalisation, and innovation.

Germany also opposes any extension of the EU’s post-Covid joint borrowing programme, stressing that repayments for the 800 billion euro fund must begin in 2028 as scheduled. While Berlin is open to discussing new EU-level revenue sources such as a carbon border levy or minimum corporate tax, it continues to reject an increase in direct national contributions to the budget, which currently total about 1% of EU GDP.

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