Latest news with #IhorFedirko
Yahoo
06-05-2025
- Business
- Yahoo
Volunteers responsible for up to 10% of weapons purchased for Ukrainian troops, says arms manufacturers council
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways Up to 10% of Ukraine's defence procurement is reported to be conducted by volunteers. Source: Ihor Fedirko, Executive Director of the Ukrainian Arms Manufacturers Council, in an interview with the Ukrinform news agency; Mezha Media, a technology and IT news platform within Ukrainska Pravda's holding company Quote from Fedirko: "At the beginning of the war, there were cases when private defence companies received half of their sales through the volunteer movement. Now, of course, this share is smaller, with volunteers making up about 10% of defence procurement." Details: Fedirko added that this does not impact the planning of the production process. He explained that this percentage is highly volatile, rising sharply during moments of tragedy when people donate actively to the needs of the Ukrainian Armed Forces and falling once the public's shock subsides. However, he emphasised that the advantage of volunteer procurement lies in its mobility. As a result, the volunteer movement should not be underestimated, as it will remain an important factor for the foreseeable future. Fedirko also commented on direct contracts with the military, noting that this year's allocations have increased significantly. Quote: "Brigades and military units are already starting to play a significant role in the overall structure of private procurement. However, it's still difficult to assess this movement, as the process is only in its early stages." Details: Meanwhile, he added that companies are already establishing departments to visit military units, showcase their products and negotiate supplies. Background: Nova Poshta, the largest private courier company in Ukraine, and the Come Back Alive Foundation, a Ukrainian non-governmental military charity, raised UAH 309 million (approximately US$7.4 million) through a joint project to fund electronic warfare, electronic signals intelligence assets and first-person view drones for Ukraine's defenders of the sky. Support Ukrainska Pravda on Patreon!
Yahoo
26-02-2025
- Business
- Yahoo
Armament Manufacturers Council launched in Ukraine
The Ukrainian Armament Manufacturers Council has started its work. It is a platform that consolidates the private defence industry for effective interaction with government agencies, military, and international partners. Source: press service of the Armament Manufacturers Council Details: The Armament Manufacturers Council includes the League of Defense Сompanies of Ukraine, Ukraine's Robotic Forces, the Association of Electronic Warfare/Electronic Signals Intelligence Manufacturers, Techosystem Defense, Defence Alliance of Ukraine, the Association of Manufacturers of Unmanned Systems and Related Technologies ARMADA, and the D3 Venture Capital investment fund. Oleksandr Kamyshin, Advisor to the President of Ukraine on Strategic Issues and former Minister of Strategic Industries, has become the Chairman of the Armaments Manufacturers Council. The Executive Director is Ihor Fedirko, former Deputy Director of Humanitarian Demining at Ukroboronservice and Head of the State Centre for Humanitarian Mine Clearance. Quote: "The unification of manufacturers into a single advocacy organisation is a proven effective practice used around the world." Background: The Ukrainian Defence Industry (also known as Ukroboronprom, a strategic manufacturer of weapons and military hardware in Ukraine) and Thales International SAS, a French company specialising in the development of information systems for the aerospace and military sectors, have signed an agreement to build a joint venture. Support Ukrainska Pravda on Patreon!
