News Feed

Defense Ministry to allocate over $500 million to buy drones in 2023

1 min read

Ukraine will allocate Hr 20 billion ($500 million) from its defense budget to purchase drones, Commander of the Joint Forces of Ukraine Serhii Naev said on Jan. 29.

The mass use of drones will make it possible to advance more quickly during offensive actions, significantly reduce Russia’s combat potential and stop the enemy from conducting its own offensives, Naev said.

1,711 drones have already been contracted within the framework of the “Army of Drones” project, of which almost 1,000 have been handed over to the Ukrainian military.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed

"This collaboration serves as a testament to our country's commitment to the defense of democratic values, to freedom, and to a just and lasting peace," Spanish Defense Minister Margarita Robles said during a visit to Kyiv.

At a press conference in Kyiv on April 22, Ukraine’s Deposit Guarantee Fund and Polish fintech Zen.com, registered in Lithuania, said the company had acquired First Investment Bank, known as PINbank, which was transferred to the state in 2023 and later declared insolvent.

Vladimir Plahotniuc was Moldova's wealthiest businessman and de facto controlled the country's government in the 2010s in what critics described as a "captured state." His fall from grace is seen by his opponents as part of Moldova's alignment with European liberal and democratic values.

Video

The Kyiv Independent’s Kateryna Denisova sits down with Dmytro Kuleba, Ukraine's former foreign minister, to discuss U.S.-led peace talks, Donald Trump’s approach to Ukraine, Europe’s role in ending the war, and why he believes neither Washington nor Moscow can impose a settlement on Kyiv.

Show More