Will use it against the Russians themselves. It’s incredible what Ukraine has come up with :: World :: www.technologijos.lt

Ukraine is looking for ways to strengthen its domestic arms industry with the support of the European Union, according to Oleksandr Kamyshyn, Minister of Strategic Industry of Ukraine.

Kyiv is seeking EU help to increase funding for its arms industry and use additional non-contractual capacity, Ukrainian Strategic Industry Minister Oleksandr Kamyshin told Euractiv.

Earlier, O. Kamyshins claimed that Ukraine has resumed the production of its artillery ammunition, but given the huge needs of the defense forces and the scale and intensity of the war, the country still relies on the supply of ammunition from partner countries.

“We can make enough, we just need funding,” – said the minister on the sidelines of the EU-Ukraine industry forum held in Brussels.

According to O. Kamyšin, Ukraine offered to look for additional funding sources, using the profit of three billion euros from Russian frozen assets, which is known to be mainly held in European accounts.

Another way is to “expand the funds of the European Peace Fund, which would compensate member states buying and leaving equipment in Ukraine – it’s fast, efficient, great,” said the official. in 2021 March. the established fund finances military aid and EU military missions abroad. in 2024 March. 11.1 billion was allocated for military support to Ukraine. euro financing.

The third plan is “to include purchases from Ukrainian manufacturers in the European defense industry program”, said O. Kamyšinas.

The European Commission has proposed Ukraine to become a member of the EU defense industry support scheme. The country will be able to use the bloc’s industry and funds, jointly with other EU member states for the purchase of military equipment, and will be exempt from VAT on joint ownership under the scheme. However, negotiations on the program may drag on until next year.

May 6 More than 350 participants gathered at the EU-Ukraine Defense Industry Forum held in Brussels, including government organizations and European business representatives.