Icon
Come back

2 min

01 Okt. 2023

6316

Ukraine announces the creation of the Alliance of Defense Industries and the Defense Fund: what is known?

Krieg
Popular
Ukraine
Ukraine announces the creation of the Alliance of Defense Industries and the Defense Fund: what is known?

During his speech at the first International Defense Industries Forum in Kyiv, President Volodymyr Zelenskyy announced the creation of the Alliance of Defense Industries and the Defense Fund to localize the production of weapons and military equipment. Find out more about the prospects this decision opens up for the country

More useful news in our Telegram channel
More useful news in our Telegram channel
FOLLOW


On September 29, 2023, the first International Defense Industries Forum (DFNC1) took place in Kyiv. It was attended by manufacturers of weapons and military equipment, a total of 252 companies from more than 30 countries of the world. As part of the forum, the Alliance of Defense Industries was created and the Defense Fund was launched.

What does this mean for Ukraine? More details about the results of DFNC1 and the new Alliance and Foundation are given below.


Results of the first International Defense Industries Forum


The International Defense Industries Forum was organized by three Ukrainian ministries: the Ministry of Defense, the Ministry of Strategic Industries and the Ministry of Foreign Affairs.

International manufacturers of tanks, artillery, drones, ammunition, developers of innovative software and owners of complex technologies took part in the event. Ukrainian enterprises of the defense-industrial complex, both state and private, also joined the forum.

According to the results of the forum, Ukraine signed about 20 agreements and memoranda with foreign partners. The formats of cooperation are different - joint production, exchange of technologies, supply of components, in particular:

- The Turkish company Baykar, which produces combat drones Bayraktar TB2, invests 100 million dollars in three projects in Ukraine. Among them is the construction of a factory for the production of drones, which will be completed in 1.5 years.

- The Czech Republic will provide Ukraine with a license for the production of CZ BREN 2 assault rifles and will help establish the production of ammunition.

The Ministry of Foreign Affairs of Ukraine also reported that Africa is interested not only in buying Ukrainian weapons, but also in placing their production on its territory.


Defense Industries Alliance


During his speech at the International Forum, the President of Ukraine Volodymyr Zelenskyy announced the creation of the Alliance of Defense Industries. Ukraine has developed a corresponding basic declaration as the basis of the Alliance, and 38 companies from 19 countries have already joined it: the USA, Great Britain, Germany, Sweden, Denmark, the Netherlands, Canada, Bulgaria, Australia, Belgium, Latvia, Lithuania, Estonia, the Czech Republic, North Macedonia, Slovakia, Spain, Croatia and Finland. This is a very strong start and it is expected that international companies will continue to join, because every manufacturer of weapons and military equipment can join.

Ukraine has all the necessary bases to build a powerful defense-industrial complex. Ukrainian enterprises are already producing artillery ammunition and cartridges, 155 mm caliber artillery systems that meet NATO standards, as well as unique systems: naval drones, long-range UAVs, missiles, anti-tank systems. All these weapons and military equipment are actively used at the front. Also, the creation of production in Ukraine will allow to attract a wide range of technologies and ideas and receive weapons tested in real combat conditions.




Visit Ukraine on social media: Telegram | YouTube | Instagram | Facebook | Twitter | TikTok




Defense Fund


In addition, a special defense fund was approved in Ukraine, which will provide funds for projects and programs necessary for defense, in particular for the development of military production and support for relevant cooperation. The fund will be filled with dividends from state defense assets and profits from the sale of confiscated russian assets.


  In general, the holding of the International Forum of Defense Industries and the launch of the Alliance and the Defense Fund have shown global interest in opportunities to work in and with Ukraine in the production of weapons and defense equipment. All these are big and important steps on the way to defeating the occupier and protecting the state for years to come.


We remind you! Earlier, we wrote that the labor shortage in Ukraine's defense industry continues to grow. Read our article to find out why there is a shortage of personnel in the defense industry and what steps can help solve this problem.




You may be interested in:


Visit Ukraine Donation - make a good deed and an important contribution to the Victory of Ukraine;

Visit Ukraine Legal advice - comprehensive legal support on entry to Ukraine;

Visit Ukraine Tours - the largest online database of tours to Ukraine for every taste;

Visit Ukraine Merch - choose patriotic clothing and accessories with worldwide delivery;

Visit Ukraine News - get the latest news and updates in our Telegram channel;

Cooperation - cooperation and advertising integrations with Visit Ukraine and Visit World projects.




© 2018-2023, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.

All rights reserved.

Recommended articles

2 min

Krieg What do experts say about the prospects for liberating Tokmak?

What do experts say about the prospects for liberating Tokmak?

The occupiers are shouting for retreat and building new fortifications, while experts emphasize that there will be no urban battles. Find out more about Ukraine's counteroffensive in the south and the prospects for the Ukrainian Armed Forces' advance toward Tokmak

29 Sep. 2023

More details

1 min

Popular Military registration for women, fast subway, and updated gas bills: what changes to expect from October 1

Military registration for women, fast subway, and updated gas bills: what changes to expect from October 1

Starting in early October, certain initiatives will be introduced into the country's social processes. In particular, October 1 will be an important date for some women who will be required to register for military service. Find out more about the changes to be expected and what transformations will be brought to the lives of citizens in various aspects

30 Sep. 2023

More details

3 min

Krieg War in Ukraine: how does nature help the UAF defeat russian invaders?

War in Ukraine: how does nature help the UAF defeat russian invaders?

Ukrainian nature and geography have repeatedly helped the Ukrainian Armed Forces gain an advantage on the battlefield. Find out more about how fields, swamps, forests, mountains and rivers are fighting together with the army against the russians

01 Okt. 2023

More details

2 min

Der Weg zum Sieg Day of Defenders of Ukraine: honoring the courage and devotion of heroes

Day of Defenders of Ukraine: honoring the courage and devotion of heroes

Today Ukraine celebrates one of the most important days for us and our country - the Day of Defenders of Ukraine. We sincerely congratulate and thank those who gave their lives for our freedom and continue to fight for the future and independence of Ukraine! Glory to Ukraine! Glory to our Defenders!

01 Okt. 2023

More details