Business news from Ukraine

Business news from Ukraine

Ukrainian Cabinet of Ministers allocates 2.5bn hryvnyas for construction of engineering and technical structures

14 January , 2024  

The Cabinet of Ministers has allocated an additional UAH 2.5 billion for the construction of engineering and fortification facilities, Ukrainian Prime Minister Denis Shmygal said.

“The key task for us this year is to strengthen our defense capabilities. In this context, today there are two important decisions. We allocate additional almost 2.5 billion hryvnias from the reserve fund for the construction of engineering and fortification facilities,” Shmygal said at a government meeting on Friday.

According to him, UAH 1.4 billion of these funds will be used for fortification of defense lines, and another UAH 1.1 billion for the construction of non-intrusion strips. – for the construction of non-explosive barrier strips.

In addition, the government has allocated another UAH 120m from the reserve fund for the State Border Guard Service to strengthen the defense capability and engineering and technical arrangement of the border.