Ukraine will create a concept of controlled export of weapons produced by Ukrainian defence companies

The National Association of Defence Industries of Ukraine (NAUDI) has stated that the export of arms from the excess capacity of the defence industry will bring billions of dollars to Ukraine.

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NAUDI explained that the opening of military exports could be a strategic step to strengthen the country's economy.

"At the moment, the issue of scaling up production can only compete with the issue of financing it," said Dmytro Natalukha, Chairman of the Verkhovna Rada Committee on Economic Development.

The meeting discussed the issue of arms exports by Ukrainian companies. NAUDI noted that the export of military products could bring the state up to USD 2 billion in additional tax revenues in a year and a half.

The production capacity of the Ukrainian defence industry is up to $20 billion a year, while the state budget is only able to purchase $6 billion worth of weapons and ammunition. Therefore, if Ukraine opens exports, it will be a real boost for the country's economy and the development of the defence industry. At the same time, additional taxes will be used to purchase weapons and ammunition for the Defence Forces.

Source: NAUDI