Business news from Ukraine

Business news from Ukraine

Fedorov: Ukraine has opened market of explosives and detonators

9 September , 2024  

The government has launched the Ukrainian market for explosives and detonators by canceling most permits and licenses and simplifying procedures, said Deputy Prime Minister for Innovation, Education, Science and Technology Development and Minister of Digital Transformation Mykhailo Fedorov.

“We are opening the domestic market for explosives and detonators – the government has decided to scale up the production of ammunition,” he wrote on his Telegram channel on Friday.

According to the Deputy Prime Minister, the production of Ukrainian ammunition currently depends on the import of explosives and detonators. At the same time, Ukraine has its own potential for developing this sector, so the market needs to be stimulated and better conditions for manufacturers created.

“To increase the volume and accelerate the production of Ukrainian ammunition, we are killing all the bureaucracy for manufacturers. Companies will be able to produce, buy and import explosives and components without permits and licenses,” Fedorov wrote.

He clarified that it currently takes at least 12-18 months to complete the paperwork to start producing explosives. It takes about six months to obtain a waste management license alone, and another three months to obtain a permit for waste operations.

There are about 10 different bureaucratic documents to be processed.

As a result of the changes envisaged by the government’s resolution, the process of launching production could be reduced to one month, Fedorov said.

He noted that earlier, the markets for drones, robots, electronic warfare, and ammunition were opened in a similar way, which led to results on the battlefield.

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