Shmygal: Ukrainian defense industry tripled its production capacity last year, this year's goal is to grow sixfold

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In 2023, defense production in Ukraine tripled, and in 2024 it is planned to grow sixfold.

In 2023, the Ukrainian defense industry tripled its production capacity, and the goal for 2024 is to grow sixfold. This was stated on Wednesday by Prime Minister of Ukraine Denys Shmyhal at a government meeting, UNN reports.

The production capacity of the Ukrainian defense industry tripled in 2023. Ambitious goal for the current year is to grow sixfold

- Shmyhal said.

According to him, more than UAH 265 billion is planned to be spent this year on the purchase, production and repair of weapons, and more than UAH 750 billion on payments to the military.

Shmyhal expects positive results regarding channeling Russia's frozen assets to Ukraine's recovery this year03.01.24, 12:55

Julia Shramko Economy
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