The Cabinet of Ministers proposed to the Verkhovna Rada to increase funding for the military-industrial complex sevenfold in 2024 – to almost UAH 55.8 billion. This was announced by the Ministry of Strategic Industries, which is responsible for this sector.
The main focus is the production of weapons within the country – both at Ukroboronprom enterprises and by private manufacturers.
“These funds will be used to develop existing production facilities and launch new ones. Together with Defense Minister Rustem Umerov , we will work on localizing the production of weapons and military equipment,” said Minister Alexander Kamyshin .
In July, he said that Ukraine intends to become the largest arms manufacturer in Europe .
- On June 8, 2023, the previous Minister of Defense Alexei Reznikov said that Ukraine has good prospects of having its own missiles with a range of more than 1000 km.
- At the end of June, Ukraine created the Ukrainian Defense Industry JSC instead of the Ukroboronprom concern.
Source : biz.liga.net