REUTERS
The Ukrainian government in 2016 obtained loans worth nearly UAH 4 billion under the state guarantees to finance the military-industrial complex, Deputy Minister of Economic Development and Trade Yuriy Brovchenko said.
"We realize that significant amounts of funding are allocated for the military-industrial complex, including for the purchase of arms and military equipment. At the same time, we understand that against the background of military aggression, these resources are insufficient; therefore, we raised bank loans under state guarantees, amounting to nearly UAH 4 billion in 2016," he said at a conference on the development of Ukraine's military-industrial complex.
Read alsoUkraine exports military equipment worth $750 mln in 2016 – UkroboronpromBrovchenko also noted that payment of interest from the state budget for the use of the loans has been budgeted for 2017.
"This makes it possible to attract additional resources to the defense sector," he added.
As UNIAN reported earlier, over UAH 113 billion was allocated in 2016 to finance the defense and security sector. In 2017, the funding was increased to UAH 129 billion.