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Ukraine Amasses $43 Billion for Defense Industry, Zelenskiy Says

Ukrainian Vampire hexacopter bomber drones at the Skyfall military technology company at an unknown location in Ukraine.

Photographer: Andrew Kravchenko/Bloomberg

Takeaways by Bloomberg AI

Ukraine has accumulated $43 billion for its defence industry so far this year between local funding and aid from allies, using it to ramp up the production and purchase of drones, artillery and other weaponry, said President Volodymyr Zelenskiy.

Kyiv has also launched a “Build with Ukraine” program and announced new agreements to be signed this summer, including opening production lines in European countries.