UkrUSA

The defense industry of Ukraine is on the beginning of its way for being opened to foreign investments

According to the League of Defense Companies of Ukraine (LDCU), the U.S. delegation headed by Donald Winter, senior adviser on the reform of the military-industrial complex of Ukraine, is on a working visit to Kyiv. He has visited Scientific and Production Association Praktika, where he met managers of the League.

“The purpose of the visit of foreign specialists is to study the state of affairs in the Ukrainian defense sector with the aim of subsequently developing recommendations on the reform and development of the Ukrainian defense-industrial complex,” the report says.

Ukraine and the United States are considering the possibility of boosting bilateral military-technical cooperation and discussing plans on strengthening Ukraine’s air defense systems and the Navy.

The key element for reforming the national defense industry in the Ukrainian is to continue reforms of the state-owned concern Ukroboronprom, followed by the creation of a number of specialized European-type defense holdings, as well as the reform of the state defense industry. A prerequisite for the reform is also the further integration of the Ukrainian defense industry in the global defense market and removal of regulatory restrictions to attract private investment in the defense industry.

According to previously announced information by the US, since 2014, the amount of U.S. military aid to Ukraine is estimated at about $1.3 billion. In 2018, the U.S. State Department approved the sale of 37 Javelin anti-tank systems and 210 missiles to Ukraine for a total amount of $47 million. The delivery of American anti-tank systems to Ukraine was ensured in April 2018 on the condition that defensive weapons would not be used on the contact line in the combat zone in Donbas.

 

Sources: https://en.interfax.com.ua/news/economic/592281.html

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