Ukraine allocates UAH 3 bln for modernization of state-owned defense enterprises in 2018 – Groysman

This allowed setting up the production of high-precision weapons and means to boost the country's defenses.

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In 2018, the Cabinet of Ministers allocated UAH 3 billion from the state budget for the modernization of state defense enterprises, Prime Minister Volodymyr Groysman told a government meeting on Wednesday,  reporting on the Cabinet's work in 2018.

"In fact, fixed assets of defense enterprises have been updated to provide new quality of production, as well as to get modern production of accurate and high-precision weapons and means required to ensure our defenses," he said.

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As UNIAN reported earlier, the costs envisaged for the fulfillment of the state defense order in the purchase of weapons and military equipment in 2019 could grow to UAH 25 billion, although at the moment, the target is set at about UAH 21 billion, as in 2018.

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