World

Ukraine to work on proposals for possible weapons exports, Zelenskiy says

2024.10.18 13:19

KYIV (Reuters) – Ukraine’s President Volodymyr Zelenskiy said on Friday that he had asked the defence ministry to work on proposals for possible weapons exports.

A possible rethink of an export ban imposed during the war against Russia would be a dramatic change in government policies as Ukraine defends itself against a much larger and better-equipped enemy.

Zelenskiy told Ukrainian TV that the exports would be possible only to Ukraine’s allies in the Ramstein group which coordinates military support for Kyiv.

“I have asked the defence minister to consider what could be potential models,” Zelenskiy said. “Those who did not help us with the weapons, I think we do not have a right to export there.”

Ukraine has transformed its weapon production industry since Russia’s invasion in February 2022, quickly ramping up production of drones in particular and all other weapons.

Officials have said that Ukraine tripled its overall domestic weapons production in 2023 and then doubled that volume again in just the first eight months of this year.

© Reuters. FILE PHOTO: Ukraine's President Volodymyr Zelenskiy attends a press conference during a European Union leaders summit in Brussels, Belgium October 17, 2024. REUTERS/Johanna Geron/File Photo

But the domestic industry is cash-strapped and local producers have been pleading with the government to allow exports and earn more funds from foreign sales to be able to increase production further.

Ukraine’s defence companies can produce $20 billion of weapons and ammunition per year, but Kyiv can only afford to spend $6 billion, the National Association of Ukrainian Defence Industries said.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,963.03 2.73%
ethereum
Ethereum (ETH) $ 2,349.53 4.74%
tether
Tether (USDT) $ 0.999396 0.00%
xrp
XRP (XRP) $ 2.21 3.33%
bnb
BNB (BNB) $ 615.35 1.25%
solana
Solana (SOL) $ 140.20 0.17%
usd-coin
USDC (USDC) $ 0.999982 0.02%
dogecoin
Dogecoin (DOGE) $ 0.207867 0.77%
cardano
Cardano (ADA) $ 0.664119 1.89%
staked-ether
Lido Staked Ether (STETH) $ 2,347.40 4.69%
tron
TRON (TRX) $ 0.227954 0.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,888.01 2.67%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,819.05 4.37%
chainlink
Chainlink (LINK) $ 15.49 1.76%
litecoin
Litecoin (LTC) $ 129.43 8.99%
avalanche-2
Avalanche (AVAX) $ 22.92 4.29%
sui
Sui (SUI) $ 2.92 2.15%
stellar
Stellar (XLM) $ 0.289434 0.50%
the-open-network
Toncoin (TON) $ 3.47 2.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.91%
leo-token
LEO Token (LEO) $ 9.21 1.91%
hedera-hashgraph
Hedera (HBAR) $ 0.200644 3.18%
polkadot
Polkadot (DOT) $ 5.00 5.55%
usds
USDS (USDS) $ 0.999957 0.03%
mantra-dao
MANTRA (OM) $ 7.29 4.22%
weth
WETH (WETH) $ 2,349.69 4.74%
hyperliquid
Hyperliquid (HYPE) $ 20.49 1.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.48 1.83%
ethena-usde
Ethena USDe (USDE) $ 0.999054 0.02%
bitget-token
Bitget Token (BGB) $ 4.11 1.52%
uniswap
Uniswap (UNI) $ 8.10 1.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,492.68 4.71%
monero
Monero (XMR) $ 214.30 3.12%
whitebit
WhiteBIT Coin (WBT) $ 26.38 1.80%
near
NEAR Protocol (NEAR) $ 3.08 2.10%
aptos
Aptos (APT) $ 6.18 9.86%
pepe
Pepe (PEPE) $ 0.000008 3.48%
dai
Dai (DAI) $ 0.999975 0.01%
internet-computer
Internet Computer (ICP) $ 6.65 3.41%
ondo-finance
Ondo (ONDO) $ 0.997388 2.29%
aave
Aave (AAVE) $ 206.90 1.44%
bittensor
Bittensor (TAO) $ 364.42 1.21%
susds
sUSDS (SUSDS) $ 1.04 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 18.97 0.80%
okb
OKB (OKB) $ 45.40 1.68%
gatechain-token
Gate (GT) $ 21.52 1.75%
official-trump
Official Trump (TRUMP) $ 13.22 2.47%
mantle
Mantle (MNT) $ 0.762906 3.70%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.32 8.36%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,954.03 2.76%