BREAKING NEWS

Germany approves sale of three Thyssenkrupp submarines to Israel

By REUTERS

OCTOBER 23, 2017 14:11

Updated: OCTOBER 23, 2017 14:10

The German government has approved the sale of three Thyssenkrupp submarines to Israel and will provide financial support for the purchase, government spokesman Steffen Seibert told a regular news conference on Monday.

The estimated $2 billion deal has attracted attention because of a corruption scandal centred on Prime Minister Benjamin Netanyahu's personal lawyer, who also represented Thyssenkrupp Marine Systems' agent in Israel.

Seibert said an inter-governmental memorandum of understanding approving the deal would be signed later on Monday.

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