Business news from Ukraine

Business news from Ukraine

Agency for Defense Technologies to be created in Ukraine

The Agency for Defense Technologies is planned to be created in 2021 in Ukraine, Deputy Prime Minister, Minister for Strategic Industries Oleh Urusky said during a visit to the League of Defense Enterprises of Ukraine association of manufacturers of weapons and military equipment on Wednesday.

According to the minister, such an agency will contribute to the creation of advanced models of armed military equipment.

In addition, according to the press service of the Ministry for Strategic Industries, the Ministry of Strategic Industry in the future will merge with the League of Defense Enterprises of Ukraine in order to create the necessary conditions for both state and private companies.

At the moment, Urusky emphasized, the implementation of the law of Ukraine “On public defense procurement” is under the special control of the government. It is planned that in January it will be possible to accept all the necessary documents for it to work. The processing of the Defense Industry Development Strategy has already been completed, the press service of the Ministry for Strategic Industries reported.