During a meeting on Wednesday, Ukrainian President Volodymyr Zelenskyy brought together Ukrainian and international investment fund heads, as well as business association representatives, to discuss the country’s defense production expansion. The focus of the gathering was on achieving a $35 billion investment in defense technologies by 2026, with an emphasis on drones and missiles. This initiative is part of Zelenskyy’s broader strategy to strengthen Ukraine’s military capabilities while contributing to economic growth.
The proposal outlines a comprehensive plan to attract both domestic and foreign capital to Ukraine’s defense industry. Zelenskyy highlighted that this initiative could create jobs, boost the economy, and enhance national security. However, the government is also aware of the potential risks, including geopolitical tensions and the impact on international relations. The meeting underscores Ukraine’s determination to develop its defense sector despite ongoing challenges.
The plan has already attracted interest from various international investment funds, who are considering the potential for returns on their investments. As the details of the initiative are still being finalized, there is a possibility that the actual investment may vary from the initial estimate. Despite this, the government remains committed to achieving its goal of generating substantial revenue through defense production by 2026.