The agreement, signed on April 30, establishes a joint investment fund between Kyiv and Washington and grants the U.S. special access to projects developing Ukraine's natural resources.
Ukraine is considering moving away from the U.S. dollar and closer to the euro as a benchmark for the hryvnia, National Bank Governor Andrii Pyshnyi told Reuters.
The Atesh partisan group claims it disabled communication at several Russian military facilities when it allegedly destroyed equipment at a transformer substation in the village of Mogiltsy in Russia's Moscow Oblast.
An operator carries a reusable airstrike drone called Punisher made by the Ukrainian company UA Dynamics during a test in Kyiv Oblast on Aug. 11, 2023. (Sergei Supinsky/AFP via Getty Images)
The Ukrainian government is allocating an additional Hr 5 billion (around $128 million) to purchase attack drones for the military, Economy Minister Yulia Svyrydenko announced on March 18.
The additional money for the procurement of drones will be drawn from the state budget’s reserve fund, Svyrydenko said, as cited by the Economy Ministry on Facebook.
“In total, agreements with drone manufacturers worth about HR 30 billion ($769 million) have already been concluded, and contracts with a total value of Hr 14 billion ($359 million) are being prepared. And, of course, this is not the limit,” she added.
According to Svyrydenko, the Ukrainian government will continue both planned and operational financing for the procurement of drones.
Ukraine has the capacity to produce 150,000 drones every month and may be able to produce two million drones by the end of the year, Strategic Industries Deputy Minister Hanna Hvozdiar said on air on March 5.
More than 200 Ukrainian companies are involved in developing drones, of which almost 60 have received orders from the government, according to Hvozdiar.
Kateryna Hodunova
