Recent statements by President Volodymyr Zelensky indicate Ukraine's intentions to start exporting weapons. Joint ventures are being launched, such as one with Romania, which plans to manufacture drones. Ukrainian delegations are also visiting the Pentagon to discuss Ukrainian military developments.
Just two months ago, government officials ruled out any arms exports until the end of the war. Now, however, there are signs of a controlled expansion in this area. This is mainly because production capacity has grown and is utilized by only a third—Ukraine can produce up to $40 billion in arms annually, but currently produces around $14 billion. The main issue is the lack of state orders due to limited funding.
Exports will help load factories, reduce production costs, increase budget revenues, create new jobs, and attract investment. American manufacturers, in particular, are interested in inexpensive and battle-tested Ukrainian drones, while European countries are ready to build partnerships and invest in the defense sector.
Experts say that a quick end to the war is currently unlikely. Strengthening the defense industry through exports is becoming increasingly strategic. Key benefits include economic development, reinforcing the armed forces, and improving international cooperation. Partnerships are being planned not just with the US and Europe, but also with South Korea and Japan. Major risks include a shortage of skilled labor and logistical difficulties in wartime production within Ukraine.
The discussion about arms exports is ongoing and vital for understanding both Ukraine’s economic outlook and its defense capabilities during these challenging times.
