Business news from Ukraine

Business news from Ukraine

France plans to invest in military production in Ukraine – French ambassador

France has increased defense spending, some of which will be invested in production in Ukraine, Ambassador Extraordinary and Plenipotentiary of the French Republic to Ukraine Gael Vesierre has said.

During the 16th annual Kyiv Security Forum founded by Arseniy Yatsenyuk’s Open Ukraine Foundation, the Ambassador noted that France’s defense spending exceeded 2% of GDP.

Regarding investments in defense, the diplomat stressed that investments are also needed to produce in Ukraine what the Ukrainian Armed Forces need.

“We say: if we can start such production in Ukraine, we should do it,” Vesier said.

He also called for supporting Ukraine to achieve victory.

“Let’s imagine for a second if Russia wins. It means that Russia can destroy a neighbor and the international community can do nothing in response. It means that many countries will say: we now need to join the nuclear club because our security is at risk. It will be a more risky and unstable situation than today,” the French diplomat emphasized.

The 16th annual Kiev Security Forum, organized to mobilize transatlantic support for Ukraine, is taking place March 21-22.

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