Foreign investment could triple Ukraine's defense potential

Ukrainian Defense Minister Rustem Umerov expressed confidence in significant opportunities for the growth of the Ukrainian defense industry during the Yalta European Strategy forum. In his speech at the panel discussion, key aspects of the future development of Ukraine's defense sector were outlined:

Growth potential

Umerov noted that in 2023, the production potential of Ukraine's defense industry, both private and public, was about $7 billion. He predicts that by 2025, this figure could increase to $20 billion, three times the current level.

The need for foreign investment

The Minister emphasized that the existing capabilities of Ukraine's defense industry significantly exceed the amount of investment that the country can provide independently. Foreign investments are necessary to realize the potential and achieve the projected production volumes.

“We can increase production potential threefold, but this requires additional financing,” said Umerov.

The importance of investment

The high potential of Ukraine's defense sector is important both for ensuring national security and for supporting the country's defense capabilities in wartime. However, achieving these goals requires the active participation of foreign partners and investors who can provide financial resources and technological support.

Thus, the future of Ukraine's defense industry depends on the ability to attract foreign investment and take advantage of existing opportunities to significantly expand production capacity.

spot_imgspot_imgspot_imgspot_img

Popular

Share this post:

More like this
HERE

Putin miscalculated in the war against Ukraine — Financial Times

Russian President Vladimir Putin has not reached key military and...

What holiday is celebrated in Ukraine and the world on February 28?

February 28 is the last day of the calendar winter, which combines...

Sunny and warm weather is expected in Ukraine today

Winter in Ukraine ends with a warm, dry and mostly sunny...

TV presenter Andriy Dzhedzhula shared family photos with his youngest daughter

Ukrainian theater and film actor and TV presenter Andriy Dzhedzhula...

What temperature in the bedroom can be dangerous for the heart

Bedroom temperature has a direct impact on cardiovascular function...

Why does the "smell of old age" appear with age and what scientists say about it

Many people notice that the smell of their skin changes with age....

A history dating back to the 11th century: unique dungeons of the Pechersk Lavra were discovered in Kyiv

The Near Caves of the Kyiv-Pechersk Monastery have reopened to visitors in the capital...

The Ukrainian version of the Newsmax TV channel was presented in Kyiv: among the guests were Kyrylo Budanov and Yulia Tymoshenko

The presentation of the Ukrainian version of the American TV channel Newsmax took place in Kyiv,...