Business news from Ukraine

Business news from Ukraine

Government has allocated UAH 6 bln to strengthen Ukraine’s defense capabilities

The Cabinet of Ministers of Ukraine has allocated UAH 6 billion from the state budget reserve fund to implement measures related to strengthening the country’s defense capabilities.

According to Government Order No. 1135 of October 18, the funds have been allocated for measures related to strengthening the country’s defense capabilities and preventing man-made emergencies, in particular for the construction of protective structures for critical infrastructure facilities in the fuel and energy sector, the railway transport subsector of the transport and postal sector (protection of traction substations with a primary voltage level of 150 (110) kV) and the critical infrastructure life support systems sector (heat energy supply, water supply, and water disposal).

The Ministry of Community and Territorial Development (for the joint-stock company Ukrainian Railways) has been allocated UAH 800.5 million; regional state administrations (for regional military administrations) — UAH 5.2 billion.

As previously reported, the funds will be used to strengthen energy, transport, and vital systems — from generators and battery stations to the construction of engineering protection, which will allow for faster construction of protective structures, rapid restoration of damaged facilities, and ensure the uninterrupted operation of the energy sector.

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