Over 50% of Ukraine's state budget spent on defense, boosting capabilities six-fold. 1.2 million drones procured, with $41.7B international aid secured.
Ukrainian Prime Minister Denys Shmyhal announced that over half of the country’s state budget in the past year was allocated to defense.
“More than 50% of state budget expenditures this year were dedicated to defense—every single hryvnia collected domestically,” Shmyhal stated during a government meeting, excerpts of which he shared on Telegram.
He highlighted that increased investments by the state and private sector have boosted Ukraine’s defense industry capabilities six-fold. Currently, more than 800 state-owned and private companies are involved in the defense sector.
Shmyhal also revealed that over 1,000 types of weapons and equipment have been approved for use, with half of these being produced domestically.
Regarding drones, he noted that over 96% of production in the sector is domestic, and the Army of Drones initiative has successfully procured more than 1.2 million drones.
On the topic of financial stability, Shmyhal emphasized that all priority expenditures are fully funded, with Ukraine securing $41.7 billion in international aid from its partners.
Six people have been killed after a man opened fire in a supermarket in the Ukrai...
European countries should expand the role of natural gas in their energy systems to reduce the risk of supply shocks caused by international crises...
Lebanon and Israel have a “fundamentally incompatible” understanding of the ceasefire agreed on Thursday (16 April), Dr Nouran El-Bayaa...
Bulgaria heads to the polls on Sunday (19 April) for its eighth election in five years, amid mounting public frustrat...
Global leaders and diplomats gathered in southern Türkiye on 17 April for the fifth Antalya Diplomacy Forum, focusing on uncertainty, conflict...
Six people have been killed after a man opened fire in a supermarket in the Ukrainian capital, Kyiv, on Saturday (18 April). Ukraine's Security Service said it was investigating the incident as a "terrorist act."
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Finance leaders from the Group of Seven (G7) have indicated they are prepared to step in if needed, to shield the global economy from the fallout of the war involving Iran, as concerns grow over rising energy prices and supply disruptions.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Two Indian-flagged ships were shot at in the Strait of Hormuz on Saturday, India's Foreign Ministry said, as Iran closed the Strait of Hormuz again, less than 24 hours after reopening the 167km long sea passage, which is essential for global trade.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
Eight people have died after a helicopter crash in West Kalimantan province, Indonesia. Authorities said contact was lost five minutes after taking off from a plantation area in Melawi.
European countries should expand the role of natural gas in their energy systems to reduce the risk of supply shocks caused by international crises, an energy industry chief has said.
Six people have been killed after a man opened fire in a supermarket in the Ukrainian capital, Kyiv, on Saturday (18 April). Ukraine's Security Service said it was investigating the incident as a "terrorist act."
Bulgaria heads to the polls on Sunday (19 April) for its eighth election in five years, amid mounting public frustration over corruption scandals and repeated government collapses.
The Trump administration extended a sanctions exemption on some Russian oil as prices continue to skyrocket in the wake of the U.S.- Israeli war against Iran on Friday (17 April).
Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo's most consequential military sale since ending a military export ban in 2014.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment