Business news from Ukraine

Cabinet of Ministers has allocated money to Defense Ministry’s Main Intelligence Directorate to buy weapons and military equipment

The Cabinet of Ministers of Ukraine has allocated UAH 200m to the Defense Ministry’s Main Intelligence Directorate to purchase weapons, military equipment and ammunition.

The Cabinet’s representative in the Verkhovna Rada, Taras Melnychuk, said in Telegram that the relevant decision was made at a government meeting on Friday.

Thus, allocated to the Main Directorate of Intelligence of the Ministry of Defense 200 million UAH on an irrevocable basis at the expense of the reserve fund of the state budget for the implementation of measures related to strengthening the defense capability of the state, in particular for the purchase of weapons, military equipment and ammunition.

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GERMAN PARLIAMENT AGREES ON DELIVERIES OF HEAVY MILITARY EQUIPMENT TO UKRAINE – MP FABER

The German parliament has agreed on the supply of heavy military equipment to Ukraine, said Markus Faber, a member of the Bundestag from the Free Democratic Party (FDP) and a member of the parliamentary group on defense policy.
“Dear friends, Germany will now quickly supply heavy equipment to Ukraine. I am glad that we from the FDP parliamentary group in the Bundestag were able to convince our coalition partners of this,” Faber tweeted on Wednesday.
According to him, in terms of logistics and time, this task will not be easy, “but we are finally starting.”
“Ukrainians need our material assistance to protect their republic from a neighboring dictatorship. Like many other democracies around the world, we give them this,” Faber added.

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UKRAINE TO SIGN AGREEMENT WITH U.S. ON PROJECTS FOR DEVELOPMENT OF MILITARY EQUIPMENT

The Cabinet of Ministers of Ukraine on Wednesday approved the draft decree on the signing of an agreement between the government of Ukraine and the government of the United States on projects in the field of research, developments, testing and evaluation, the authority to sign the agreement was given to Minister of Defense of Ukraine Andriy Taran, according to the Press and Information Office of the Ukrainian Defense Ministry.
“The signing of this agreement will give the Ukrainian side the opportunity to: conduct joint research and development work on the development of weapons and military equipment, their individual components; obtain information about advanced defense technologies, trends in their development; conduct of tests and testing of military equipment using equipment and technologies that are not available in Ukraine,” the office said.
The agreement also opens up the possibility of attracting foreign funding for research work by Ukrainian research institutions, as well as increasing the research potential of Ukraine through cooperation with partners in joint projects.
The ministry said that the implementation of the agreements will take place under project contracts within the framework of the agreement concluded between the Ministry of Defense of Ukraine and the U.S. Department of Defense.
“The signing of the Agreement is planned during the visit of the President of Ukraine to the United States and will be another important step in the development of strategic partnership with the United States in the field of armaments,” the Defense Ministry said.

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