Business news from Ukraine

Business news from Ukraine

Kyiv authorities increase funding for Kyiv Defender program by UAH 1.26 bln

The Kyiv authorities have increased funding for the Kyiv Defender program by UAH 1.26 billion, which will be used to support the capital’s security and defense forces, Mayor Vitali Klitschko said.

“At an extraordinary meeting, the Kyiv City Council has once again increased assistance to our defenders. In particular, the deputies voted to increase funding for the city’s targeted program “Kyiv Defender” by UAH 1 billion 260 million. These funds will be used to provide logistical support for the security and defense forces,” Klitschko wrote on his Telegram channel on Tuesday.

He clarified that the funds will be used “to purchase vehicles, UAVs, optical sights, night vision devices, repair and restore equipment, and other necessary things. This is a subvention, we transfer money to military units.”

Klitschko also said that the Department of Transport Infrastructure has been allocated more than UAH 1.2 billion to regulate fares for urban passenger transport, “because the price of a trip of UAH 8 has not corresponded to the cost of travel for a long time.”

“Since we are not raising the price, and transport companies need to work, we must provide them with this opportunity,” Klitschko said.

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