SpaceWar.com - Your World At War
Ukraine can produce more weapons but needs funding: officials
Kyiv, Ukraine, Sept 14 (AFP) Sep 14, 2024
Ukraine is ready to scale up its domestic weapons production but is financially constrained, Ukrainian officials said Saturday as they asked for increased foreign investment in Kyiv's defence industry.

Kyiv has relied on Soviet-era stocks and Western deliveries for much of its defence against Russia's invasion, while developing its own weapons production.

"At this point the limit is not in production capabilities, it's all in the funding," Oleksandr Kamyshin, advisor to the President for Strategic Affairs, said at a conference in Kyiv.

"Each production facility tells us: I can do more, all I need is proper funding," he said.

He specified to AFP that Ukraine had a production capacity equal to $20 billion but could only manage to fund $7 billion with its own budget.

"It's hard to produce with money; it is impossible without money, that's why we encourage investment in the defence and security sector," Defence Minister Rustem Umerov said on the same panel.

One of the solutions, former US General David Petraeus suggested, would be to use some of the $300 billion in frozen Russian assets.

Ukraine's defence industry has recently made strides including the first successful test of a domestically-produced ballistic missile and the deployment of a Ukrainian-made long-range "rocket drone" called Palianytsia.


ADVERTISEMENT




Space News from SpaceDaily.com
Delft and Brown researchers unveil ultrathin sails for laser propulsion in space
Fluorescent caves could explain how life persists in extraterrestrial environments
FSU researchers part of TESSERACT's hunt for dark matter

24/7 Energy News Coverage
China's Xi warns foreign executives of 'severe' trade headwinds
Asian markets sink as autos suffer more tariff-fuelled losses
Taiwan probes China's SMIC over 'illegal' talent poaching

Military Space News, Nuclear Weapons, Missile Defense
Maxar unveils Raptor software suite for GPS-free navigation in autonomous systems
Trump administration's ideological war with Europe
GOP Sen. Roger Wicker wants watchdog investigation into Signal chat leak

24/7 News Coverage
First deaths confirmed as 'mass casualty' quake hits Myanmar, Thailand
Clouds changing as world warms, adding to climate uncertainty
Vance due in Greenland as anger mounts over Trump takeover bid



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.