The Cabinet of Ministers is working on a mechanism of long-term contracts for defense enterprises

The Cabinet of Ministers of Ukraine is working on the implementation of long-term contracts for defense enterprises, so that in 2025 three- and five-year agreements will become standard practice for manufacturers of weapons and military equipment. About this stated Prime Minister Denys Shmyhal.

“We are betting and focusing on the purchase of Ukrainian weapons. We invest state resources in this and support the private sector. One of the key requests in this direction from defense enterprises is the introduction of long-term contracts for the production of weapons and ammunition. The Ministry of Defense, the Ministry of Finance and the Ministry of Strategic Industries are tasked with working out this issue.

The first three-year contracts were signed last year. This year, the task is to make three- and five-year contracts the norm for manufacturers of weapons and military equipment.”, – said the head of the government.

Shmyhal emphasized that almost all internal resources of the state budget are directed to ensuring the country’s defense capability and security:

“This year, we have a record budget for the weapons production and procurement program. We are talking about at least 739 billion hryvnias.”