How arms production is transforming Ukraine’s economy?

Russia’s full-scale invasion has fundamentally changed the role of the defence industry in Ukraine’s economy. In 2024, the capacity of domestic defence production grew from $3 billion to $20 billion. By the end of 2025, it may reach $35 billion annually. 

During the event, we discussed how domestic arms production impacts the economy, reshapes the structure of GDP, and what role private and state-owned producers play.

Speakers:

• Nataliya Mykolska, Executive Director of Diia.City United;
• Lyubov Shipovich, Founder of the Dignitas Charitable Foundation;
• Andriy Teliupa, Deputy Minister of Economy, Environment and Agriculture of Ukraine;
• Valentyna Vedrovska, GR Manager of the Ukrainian Council of Defence Industry;
• Anna Zarudna, GR Manager of the Association of Private Arms Manufacturers ‘Tech Forces in UA’.

Moderator: Hlib Vyshlinsky, Executive Director of CES.