At a meeting on November 5, the Government approved a new programme of preferential lending to the defence industry. This was announced by Prime Minister Denys Shmyhal.
“Enterprises that the Ministry of Strategic Industries considers to be of critical importance will be able to obtain a loan of up to UAH 500 million for up to 5 years at 5% per annum. The funds can be used either to replenish working capital or to implement investment projects,” the Prime Minister said.
According to the Prime Minister, the state expects the volume of arms production next year to significantly exceed this year’s figures.
According to Denys Shmyhal, more than 500 defence enterprises are currently operating and producing various weapons – ammunition, drones, guns and armoured vehicles: “We are interested in increasing the number of such manufacturers. Our resilience, successful defence and victory depend directly on the growth of the Ukrainian defence industry.” (Government portal)