A new subsidized leasing program has been launched in Ukraine, aimed at enterprises in the defense industry. It allows companies in the sector to acquire production equipment, technological complexes, and other fixed assets with deferred financing, while part of the loan cost is compensated by the state.
This is reported by Finway
For enterprises on the list of critical importance during the wartime period, the effective financing rate is reduced to approximately 5% per annum
The remaining costs are covered by state support, significantly reducing the financial burden on defense product manufacturers and promoting their development amid increased demand for military equipment.
First Banks Participating in the Program
The first to join this initiative were “Ukreximbank,” PUMB, and “MTB BANK.” These financial institutions provide defense companies with the opportunity to arrange leasing for modern production equipment, which will help modernize existing facilities and ensure the production and repair of military products. The program covers the full range of needs for enterprises—from purchasing new equipment to restoring the production base.
Expanding Opportunities for the Defense Sector
The introduction of the subsidized leasing mechanism has become an important step in implementing a new policy of state support for the defense industry, which has gained particular significance since the onset of Russia’s full-scale aggression in 2022. Against the backdrop of a lack of accessible financing, the state aims to expand the capabilities of manufacturers and accelerate their scaling, positively impacting the country’s economic dynamics.
Recently, the right to temporary reservation of specialists has also been introduced for enterprises in the defense industry and companies that are critical to the Armed Forces of Ukraine, even if employees have violations in military registration. This is another step to support the stable operation of the sector amid the war.