Cabinet of Ministers approves financial plan for Ukraine's Defence Industry in 2024

At a meeting on 17 November, the Cabinet of Ministers approved the financial plan of Ukrainian Defence Industry state concern (Ukroboronprom) for 2024.

Source: Oleksandr Kamyshin, Minister for Strategic Industries, on Telegram 

Quote: "We plan a significant increase in revenue, a decent profit.

We have examples when, due to a significant increase in production volumes, the price of Ukroboronprom products has halved compared to this spring. But even so, Ukroboronprom is increasing its profits. This is how the state defence holding company should work," Kamyshin wrote.

However, he did not specify the planned financial performance of the concern. The decision of the government has not yet been published on the website of the Cabinet of Ministers.

Background: State holding company Ukrainian Defence Industry resumes the work of competition commissions for the selection of candidates for leadership positions.

In early September, the Ukrainian Defence Industry presented a strategy for preventing, detecting and combating corruption for 2023-2024.

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