Ukrainian defense industry is loosing foreign marketing outlets, as Prime Minister Victor Yanukovych declared at a meeting devoted to reformation of Ukrainian defense industry.

“Ukrainian defense industry is loosing even markets of those countries, with which we have been working for a long time,” Yanukovych said. According to him, “these problems must be solved step by step.” “It is needed to work out an action program on this issue,” he added.

According experts’ estimation, Ukraine sells weapon to the amount of 650-700 mln USD annually.

According to information of Valentyn Badrak, director of the army, conversion and disarmament research Center, for the last five years Ukraine has been increasing sale of weapon by four-five percent (from 4-5% up to 8-10%) annually. However, world armament market increases by more than 20% annually.


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