What is holding back the development of the Ukrainian defense industry?

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Today, the Ukrainian military-industrial complex can become one of the key points of economic growth, and in a sector with high added value.

In the first quarter of 2024, Ukrainian manufacturers produced a quarter more weapons and ammunition than in the same period last year. And compared to the pre-war level, the Ukrainian defense sector is expected to increase 6 special database times in 2024. The previous year, 2023, was the most turbulent for the industry's growth. Today, the pace of production growth has become less ambitious.

What exactly is holding back the development of the Ukrainian defense industry today, I recently discussed during a meeting with representatives of the defense industry themselves. Thus, during a meeting with the director of one of the largest private weapons manufacturers, “Ukrainian Armored Vehicles”, Vladyslav Belbas, we analyzed in detail the key problems that hinder the development of a strategic industry for Ukraine - the defense-industrial complex.

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Below are just a few key deterrents and possible solutions to them.

The first and key is access to funds for the production and development of advanced weapons. This problem has several causes and, accordingly, possible solutions.