Czech concern to invest in Ukrainian ammunition production

The Czechoslovak Group wants to invest millions of dollars in the creation of joint defence ventures in Ukraine.

Here's What We Know

One of Europe's largest ammunition manufacturers has plans to invest in the Ukrainian industry, namely in the creation of a network of companies that would produce ammunition.

The owner of Czechoslovak Group noted that they will focus on the production of artillery ammunition. In addition, the company wants to invest in other defence products.

It is worth noting that after the start of the full-scale invasion, CSG was actively involved in the repair and modernisation of Soviet T-72 tanks. This support was important not only for Ukraine, but also for the development of the concern, which now has the ability to expand its capacity through joint ventures.

Source: BNN