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Ukroboronprom produced thousand times more units last year than year before, but needs of frontline are still higher, Smetanin

Ukraine expects to increase its own capacity with the help of international partners. 

Ukroboronprom produced thousand times more units last year than year before, but needs of frontline are still higher, Smetanin
Ukroboronprom CEO Herman Smetanin
Photo: Max Trebukhov

In 2023, the enterprises of the Ukrainian Defence Industry (Ukroboronprom) doubled their production in monetary terms. In terms of units, these companies produced more than 600,000 units of various weapons and equipment - a thousand more than the year before.

But the needs are still higher than the production volumes - not only of the entire defence industry of Ukraine, but also of most countries in the world. Ukroboronprom CEO Herman Smetanin said this during the discussion "How to win the war: prospects for Ukrainian industry" organised by LB.ua and EFI Group.

He emphasised that we are at war with a country that spends enormous amounts of money from the budget on arms purchases. 

"Only a few countries in the world can compete with it, which can afford such expenditures," Smetanin said.

Ukraine hopes to increase its own production with the help of partner countries. "We are ready for contracting, ready to increase production volumes every month," Smetanin added.

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