Economy

Preferential leasing for defense industry: Ukraine launches new support program for arms makers

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In a strategic move to bolster its national defense capabilities, Ukraine’s Cabinet of Ministers has officially approved a groundbreaking resolution: a new state financial support program tailored specifically for enterprises within its vital defense industry.

This innovative initiative introduces a preferential financial leasing mechanism, designed to provide much-needed assistance and operational flexibility to arms manufacturers across the country. The newly adopted framework will allow defense companies to access essential equipment, machinery, and resources under significantly more favorable leasing terms than previously available.

The government’s decision is poised to play a crucial role in accelerating the modernization and expansion of Ukraine’s defense production capabilities. By making it easier and more affordable for arms makers to acquire the tools and technology they need, this program underscores Ukraine’s unwavering commitment to strengthening its domestic defense sector, a paramount priority for national security and resilience in the current geopolitical landscape.

Source: Original Article

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