Business news from Ukraine

Business news from Ukraine

Taiwan is directing additional $40 billion toward arms purchases

The head of the Taiwanese administration Lai Tsingde on Wednesday announced plans to allocate a special budget of $40 billion for the purchase of weapons, according to the Associated Press. It is noted that this amount, in particular, includes funds for the creation of an air defense “dome”.

“Threats from China to Taiwan and the Indo-Pacific region are increasing (…). Taiwan should demonstrate its determination and take greater responsibility in self-defense,” said Lai Qingde.

It is noted that the Taiwanese administration has requested this tranche separately from the annual defense budget, and this request must now be approved by Taiwan’s legislature.

The Taiwan issue arose in 1949 when the People’s Republic of China was proclaimed and part of China’s Kuomintang Party settled on the island of Taiwan, naming the island the Republic of China on Taiwan. Beijing insists on the “one China principle”, according to which it is impossible to recognize both the PRC and the Republic of China on Taiwan at the same time. At the same time, almost all major states have unofficial cultural and economic offices of Taipei.

Help from Experts Club: the ratio of PRC and Taiwan military capabilities (estimates for 2025)

Based on public estimates (GlobalFirepower, Taiwan’s Ministry of Defense, budget data): Number of active military personnel

China: about 2.0-2.1 million (active NVAC personnel).

Taiwan: nearly 230,000 personnel.

Ratio: about 8-9 to 1 in favor of China.

Reserve and mobilization resource

China: about 510 thousand reservists + large para-military formations.

Taiwan: about 2.3 million reservists with a much smaller population, reliance on a massive reserve.

Air Force (general aviation)

China: about 3,300 aircraft, including about 1,200 fighters.

Taiwan: about 760 airplanes, approximately 280-300 fighters.

Ratio of fighters: about 4-5 to 1 in favor of China.

Navy (warships)

China: about 750 ships and boats, including 3 aircraft carriers, dozens of destroyers and frigates, more than 60 submarines.

Taiwan: about 100 ships and boats, no aircraft carriers, with a limited number of destroyers, frigates and submarines.

Ratio in number of fleet units: about 7-8 to 1 in favor of China, with an even larger gap in total tonnage.

Defense budgets (2025)

China: about $245-270 billion per year according to official figures.

Taiwan: about $20-21 billion (about 2.45% of GDP).

Ratio: China spends more than 10 times more on defense than Taiwan.

These figures are estimates and based on public sources, but generally reflect China’s significant quantitative superiority while Taiwan’s focus on technological saturation, defense doctrines, and alliance with the U.S. and other partners.

Source: https://expertsclub.eu/kytaj-zadiyuye-czyvilni-sudna-v-navchannyah-po-tajvanyu-zmi/

 

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France to spend €300 mln from frozen Russian assets on arms for Ukraine

France will use EUR300 million in 2024 to purchase weapons for Ukraine, part of the EUR1.4 billion in proceeds from frozen Russian assets allocated by the European Union, the French Defense Ministry said.

“The European Commission has agreed with the Directorate General for Armaments that it will use these funds to quickly acquire priority equipment for Ukraine from the French industry, ammunition, artillery and air defense equipment from the French industry for a total of 300 million for 2024,” the ministry said in a communique published on Friday.

Earlier, EU Diplomacy Chief Josep Borrell said that the EU has already begun to transfer the proceeds of Russia’s frozen assets to the Ukrainian side and the bloc countries that will supply Kyiv with weapons.

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ENTERPRISES OF UKROBORONPROM CONCERN EXPORT ARMS AND SERVICES WORTH $908 MLN IN 2019

The enterprises of Ukroboronprom concern exported $908 million worth of arms and services abroad in 2019, which is 19% more than a year earlier, said Aivaras Abromavicius, the head of the Ukroboronprom state concern. “Last year, our companies exported arms and services worth $908 million. This is a 19% increase over the previous year,” the head of the concern said on the Real Politics program on Ukraine 24 TV channel on Sunday.
Abromavicius added that Ukraine is not one of the ten largest arms exporters, while U.S. and Russian exports are ten times greater than domestic, but assured that Ukroboronprom’s foreign supply will also increase in 2020.
“We see that in 2020 export growth is planned to reach 30%. And this is a very important figure, especially in anticipation of a slowdown in industrial production growth, which is taking place not only in our country, but throughout the world,” said the head of Ukroboronprom.

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MAIN IMPORTER OF UKRAINIAN SMALL ARMS IS USA

Ukraine exported conventional weapons to six countries under contracts in 2017, the Ukrainian State Service of Export Control said in a report detailing international transfers of individual types of Ukrainian armaments last year. The figures published by the Ukrainian State Service of Export Control since 2004 are a key to the annual United Nations Register of Conventional Arms.
According to the latest report, in 2017 Ukraine exported 16 units of armored military hardware, namely 16 Oplot main battle tanks to Thailand, and also more than 17,000 small arms and over 800 light weapons to the United States, Uzbekistan, Jordan, Mongolia, and Turkey.
According to the figures, the main importer of Ukrainian small arms and light weapons in 2017 was the United States, which bought 15,040 automatic weapons and submachine guns, and also 790 portable anti-tank rifles and grenade launchers. Uzbekistan purchased 2,000 automatic weapons and submachine guns from Ukraine last year. A total of 22 portable anti-tank rifles and grenade launchers, two hand-held under-barrel and mounted grenade launchers, and one revolver were exported to Jordan, ten rifles were delivered to Mongolia, and three trigger mechanisms for anti-aircraft guns were exported to Turkey.

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