Canadian investors plan to set up ammunition factory in Ukraine

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Investors from Canada have started cooperation with state-owned Concern Ukroboronprom on the establishment of an ammunition factory in Ukraine, ukrinform reported.

“We have started cooperation with partners from Canada. Currently, the economic justification for the establishment of an ammunition factory in Ukraine is being drafted at investor’s expense,” Director General of Ukroboronprom Yuri Husev said. According to him, the talks with high-tech global companies, which are also interested in deepening cooperation with Ukraine, were held in France the day before.

In particular, working groups have already been set up which, together with NATO partners, work on joint projects to develop Ukraine’s defense and industrial potential. “We are interested in in-depth cooperation with our partners. This concerns joint projects, programs, and, of course, the corporatization of Ukroboronprom’s reform which will allow us to ensure technology transfer and set up joint ventures for equipment modernization in a transparent manner,” Husev added.

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