Military production emphasis: Army of Drones to be financed for over US$1.2 billion

DENYS SHMYHAL. PHOTO: PRESS SERVICE OF THE CABINET OF MINISTERS Approximately 48 billion hryvnias (roughly US£1.29 billion) will be allocated for the Army of Drones government initiative, and another 48 billion hryvnias will be allocated for the production of weapons and ammunition.

Source: Ukrainian Prime Minister Denys Shmyhal at a press conference, reported by Interfax-Ukraine news agency  Quote: "The focus of our production is drones. The Ukrainian Army of Drones is fully launched, working, and 40 billion hryvnias [roughly US£1.08 billion] have been funded by the government this year.

We will continue this funding." Advertisement:

Details: The Prime Minister also stressed that the country will finance the production of ammunition, equipment, armoured vehicles, as well as Ukraine's missile program. Shmyhal said that these costs will be financed through the individual income tax.

In particular, the individual income tax will amount to about 96 billion hryvnias (roughly US£2.58 billion) and will be allocated for defence needs, with approximately half going to the Ukrainian production of weapons, equipment and ammunition, and another half to the Army of Drones.

Only the latest news, only the facts, only the truth.

Follow Ukrainska Pravda on Twitter!

Read more on the topic: If the UAV situation doesn't change, we'll be at the negotiating table within a year: FPV drones and their role in warfare

Ukrainska Pravda is the place where you will find the most up-to-date information about everything related to the war in Ukraine.

Follow us on Twitter, support us, or become our patron!