Denmark will allocate 130 million euros ($137.5 million) for the development of the Ukrainian defense industry, Danish Prime Minister Mette Frederiksen announced on Nov. 19 during a joint press briefing with Ukraine's President Volodymyr Zelensky
The president also set the task of creating 3,000 cruise missiles and drone-missile hybrids and finding an effective countermeasure to Russian Shahed-type drones.
The factory produces air defense systems and radars for the Russian military, said Andrii Kovalenko, the head of the counter-disinformation department at Ukraine's National Security and Defense Council.
Some Hr 54.55 billion ($1.3 billion) will be directly allocated for the development and implementation of new technologies, and the expansion of defense production capacity, according to Strategic Industries Minister Herman Smetanin.
North Korea has formalized a mutual defense treaty with Russia, according to state media reports on Nov. 12. The agreement commits both nations to come to each other's aid in the event of an armed attack.
Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western
The military plant of the German concern Rheinmetall, which opened in late October in Ukraine, is a "legitimate" target for Russian attacks, Kremlin spokesperson Dmitry Peskov said on Oct. 29.
Ukraine's Strategic Industries Minister Herman Smetanin met with India's Ambassador to Ukraine Ravi Shankar on Oct. 26 to discuss strengthening defense industry cooperation between Kyiv and New Delhi, the Strategic Industries Ministry announced.
Ukraine says it has the know-how to produce more much-needed drones as well as missiles for strikes deep into Russia, and all it needs is financial backing from Western allies. “We’ve got all the knowledge, we've got all the capabilities in place,” Alexander Kamyshin, advisor to President Volodymyr Zelensky
Russia shot down one of its own drones — a large and stealthy S-70 — after it flew uncontrolled into Ukrainian territory in early October, sparking speculation about how Moscow lost control of this valuable asset so publicly. It’s an unforced error that will be keenly felt in Moscow, whose high
"We need to understand here that this can only be done in such a way that if we buy, then Ukraine gets more money. And they will be able to produce more for their army," Estonian Defense Minister Hanno Pevkur said.
Norway’s government will allocate up to 967 million kroner (around $87.5 million) to enhance its defense industry, with a focus on supporting Ukraine amidst Russia’s full-scale invasion.
According to Anduril, their new drones will be capable of flying for 40 minutes and covering a range of 20 kilometers (12 miles).
Ukraine has become a hotbed of defense innovation, as Russia’s deadly invasion fuels a rapid development of new battlefield technologies. Kyiv now aims to become a global leader in the defense sector, but with its economy drained by the war, it needs foreign investment to accomplish its goal. Ukraine
During the last decade, Western governments, analysts, and media personalities have struggled to understand Russia’s actions and renewed imperial aggression in Ukraine – especially as the invasion has turned into a quagmire that the Kremlin appears unable to escape. Since 2022, one-third of Russia’s prized Black Sea Fleet has
Ukrainian Armor, a private defense enterprise, signed two deals on Oct. 2 with the Czech holding Czechoslovak Group (CSG) to cooperate on the production of 155mm shells, Ukrainian media outlet Militarnyi reported.
More than 90,000 vacancies for defense industry jobs appeared on Russian job portals between Aug. 15 and Sept. 15, with companies offering triple the average regional salary for workers with high-demand specialties.
"In the first half of this year alone, Ukraine produced 25 times more artillery and mortar ammunition than in the entire year of 2022," Zelensky said at the second international defense industry forum in Kyiv.
French-German defense company KNDS has opened an office in Kyiv to support Ukraine carry out the domestic maintenance and repair of weapons systems, the company announced on Oct. 1.
You probably haven't heard that the International Monetary Fund (IMF) is preparing to send a mission to Russia. That’s because top IMF officials have been trying to draw as little public attention to their plans as possible – which ought to tell you something. Fund officials themselves know that this
Ukraine already produces its own 155 mm artillery ammunition, said Oleksandr Kamyshin, newly appointed advisor to the President of Ukraine on strategic issues.
The Kyiv Independent’s Natalia Yermak interviews Ukrainian-Canadian lawyer and business advisor, Daniel Bilak, about the potential for investment in Ukraine and its defense sector.
Ukraine’s low-budget tech wizardry has stunned Western audiences since the war’s outset. Soldiers operating out of front-line garages have modified donated artillery, rehabbed captured weapons, amped up off-the-shelf drones, and coded software to streamline it all. Given all the attention, a number of enterprising Ukrainians have turned their
Lithuania will allocate 10 million euros ($11 million) to buy new Ukrainian-made Palianytsia missile-drones for Kyiv, former Strategic Industries Minister Alexander Kamyshin said on Sept. 6.
The Scranton plant has upped its output of 155 mm shells from 24,000 rounds per month to 36,000, with the modernization elements likely to contribute to a further increase, factory officials said.
The funds are going towards drones, robotics, and electronic warfare systems, all of which are "already yielding tangible results on the battlefield," Defense Minister Rustem Umerov said.
It costs less than $1 million to produce each new Palianytsia, Fedorov told the Associated Press. The military aims to further decrease costs by collaborating with private companies.
A day earlier, Defense Minister Rustem Umerov said that Ukraine is preparing a response to Russian aerial strikes with weapons of its own production.
Lithuania on Aug. 19 began construction of a military base that will house up to 4,000 combat-ready German troops, with completion expected by the end of 2027. This marks the first permanent foreign deployment for the German military since World War II.
Ukroboronprom was ranked 65th last year, moving up by 16 positions in 2024.
Russia’s arms industry and its export capabilities have long been, as Russian President Vladimir Putin put it, a point of national pride. Even after launching its full-scale invasion of Ukraine in February 2022, Russia claims to be able to meet growing domestic demand and continue arms exports. State-sponsored propaganda
According to Strategic Industries Minister Oleksandr Kamyshin, Ukraine's defense industry has a capacity worth around $20 billion, but the state can muster only up to $10 billion to purchase weapons and equipment.
