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Ukrainian defense manufacturers have secured UAH 9.8 billion in concessional financing through a state-backed lending program designed to expand domestic weapons production, Prime Minister Yuliia Svyrydenko announced on June 16.
According to Svyrydenko, a total of 162 loan agreements have already been signed under the initiative, UATV English reports.
“This is an investment in Ukraine’s ability to independently meet the needs of its military. The faster our defense manufacturers scale up production, the more modern weapons and military equipment Ukraine’s Defense Forces will receive,” the prime minister said.
The government program allows Ukrainian defense companies to obtain loans of up to UAH 500 million for up to five years to expand production capacity. Businesses can also access up to UAH 100 million in financing for up to three years to replenish working capital.
The funds can be used for the development, production, repair, modernization, and disposal of weapons, military and special equipment, ammunition, and their components.
“We set out to provide accessible and convenient financing for Ukrainian arms manufacturers, expecting the sector to scale up. We can see that this instrument is working effectively. Its results are seen and felt by our enemy,” Svyrydenko said.
The announcement comes as Ukraine continues efforts to strengthen its domestic defense industry and reduce dependence on foreign military supplies.
Earlier, representatives of Ukraine’s defense sector reported that the country had signed nearly 20 agreements on joint defense production projects with European partners.
Following recent amendments to the 2026 state budget, Ukraine’s total security and defense spending will reach a record UAH 4.4 trillion. An additional UAH 1.37 trillion has been allocated for the procurement and repair of weapons and military equipment, bringing the total resource for those purposes to UAH 2.29 trillion.
