Ukraine Amasses $43 Billion for Defense Industry, Zelenskiy Says [View all]

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Source: Bloomberg

June 21, 2025 at 8:03 AM EDT


Ukraine has accumulated $43 billion for its defence industry so far this year between local funding and aid from allies, using it to ramp up the production and purchase of drones, artillery and other weaponry, said President Volodymyr Zelenskiy.

Kyiv has also launched a “Build with Ukraine” program and announced new agreements to be signed this summer, including opening production lines in European countries.

“We will provide the relevant technologies and will produce weapons in their countries for us and for them,” including drones, missiles and possibly artillery, Zelenskiy told reporters in Kyiv late Friday, adding that steps would be taken to prevent any of the technology ending up in Russian hands.

Ukraine is looking to develop its domestic military capabilities as it attempts to repel Russia’s invasion, well into its fourth year, and wean off dependence on military aid from allies, especially the US.

Read more: https://www.bloomberg.com/news/articles/2025-06-21/ukraine-amasses-43-billion-for-defense-industry-zelenskiy-says

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Volodymyr Zelenskyy / Володимир Зеленський
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Jun 21, 2025
@ZelenskyyUa
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Replying to @ZelenskyyUa
We’ve launched the Build with Ukraine program. This summer, we’ll sign agreements to begin exporting our defense technologies, opening production lines in partner countries. These weapons will be made for both them and us. We’re talking drones, missiles, and potentially
Volodymyr Zelenskyy / Володимир Зеленський
@ZelenskyyUa
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This year alone, $43 billion has been allocated to support Ukraine’s defense industry. Next year, we call on each ally to allocate 0.25% of their GDP for this. Because supporting Ukraine’s defense means supporting Europe’s security.
7:24 AM · Jun 21, 2025