You're reading: Ukrinform: Abromavicius – Arms exports need to be increased up to $2 bln in 5 years

Ukrainian arms exports are at a fairly low level now, so one of the main tasks is to increase the exports from $400 million to $2 billion per year.

“In general, we have worthy products. But our arms exports are still at a fairly low level. This is about $400 million a year. Our goal is to increase Ukrainian arms exports up to $2 billion by 2025. It’s important to understand that the total size of defense budgets in the world is estimated at $2 trillion. Now the enterprise is extremely inefficient and has a low-performance level,” Director-General of the State Concern “Ukroboronprom” Aivaras Abromavicius said in an interview with The Page media outlet.

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