Ukrainian Prime Minister Denys Shmyhal announced that this year all funds raised in the country are directed towards financing the defense sector. In 2025, Ukraine plans to spend 26% of its gross domestic product (GDP) on these needs.
This is reported by Finway
It is worth noting that since the beginning of the year, 13 enterprises of the defense industry complex (DIC) have received preferential loans totaling ₴968 million. The loans are primarily taken out by manufacturers of electronic warfare systems, drones, and ammunition. Currently, about 75 applications from defense enterprises are under consideration at various stages.
Financing the Defense Sector
According to the Ministry of Finance, the largest creditor of DIC enterprises last year was Oschadbank, which issued six loans totaling ₴9.86 billion and participated in a consortium loan of ₴2.38 billion. Since the beginning of the full-scale war, Oschadbank has financed the defense sector with over ₴17.1 billion.
Military Aid from Germany
Germany has also provided Ukraine with a new package of military aid, which includes dozens of mine-resistant vehicles, small arms, Zuzana-2 howitzers, hundreds of drones, demining equipment, and tens of thousands of artillery, tank, and air defense ammunition.
“In 2025, Ukraine will spend 26% of GDP on this sector.”