19:58 GMT28 May 2020
Listen Live
    Get short URL
    0 1432

    Ukraine’s Defense Ministry plans to spend over $500 million on new weapons in 2015, Deutsche Welle reported.

    Undeterred by its empty state coffers and looming bankruptcy, Kiev is all set to almost quadruple the amount of money it spends on new weapons.

    In 2015 the defense ministry plans to spend 14 billion hryvnias (around $600 million), which amounts to almost a third of the country’s defense budget, the ministry’s press secretary Victoria Kushnir announced on Tuesday.

    Kushnir explained the big spending spike from 3.9 billion hryvnias allocated last year by the situation in the country’s east and the need to upgrade the army’s largely outdated arsenal.

    Deutsche Welle reminded that Ukraine depends much on foreign loans, including from the IMF, adding that many critics believe that Kiev splurges on defense and holds back on much-needed structural reforms.


    40% of Ukraine Population on Brink of Survival
    US Still Considers Providing Lethal Weapons to Ukraine - Pentagon
    defense spending, Defense Ministry, Ukraine
    Community standardsDiscussion
    Comment via SputnikComment via Facebook