{"id":15313,"date":"2025-05-19T13:18:52","date_gmt":"2025-05-19T10:18:52","guid":{"rendered":"https:\/\/scroll.media\/2025\/05\/19\/hetmantsev-ukraine-can-export-e30b-in-weapons-annually-with-legal-changes\/"},"modified":"2025-05-22T21:59:12","modified_gmt":"2025-05-22T18:59:12","slug":"hetmantsev-ukraine-can-export-e30b-in-weapons-annually-with-legal-changes","status":"publish","type":"post","link":"https:\/\/scroll.media\/en\/2025\/05\/19\/hetmantsev-ukraine-can-export-e30b-in-weapons-annually-with-legal-changes\/","title":{"rendered":"Hetmantsev: Ukraine Can Export \u20ac30B in Weapons Annually With Legal Changes"},"content":{"rendered":"\n

Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation, and Customs Policy, has unveiled<\/a> plans for new regulations that would open the door for Ukrainian weapons exports.<\/p>\n\n\n\n

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\u00abTo support our defense industry, we need to create a special legal and tax regime that our defense companies could use,\u00bb he said.<\/p>\n<\/blockquote>\n\n\n\n

Why now?<\/h2>\n\n\n\n

Since the start of Russia\u2019s full-scale invasion, Ukraine has effectively halted arms exports. While there\u2019s no formal ban in place, defense manufacturers are still blocked from exporting freely.<\/p>\n\n\n\n

Licenses that were valid in 2022 have been suspended<\/a>. Today, to sell weapons abroad, companies must apply to the State Service for Export Control, which coordinates with intelligence agencies and the Defense Ministry. However, according to Serhii Riabov, head of the Department of Law Enforcement and Internal Export Control Systems, \u00abapplications are not approved because it is not in the state\u2019s interest,\u00bb as Suspilne<\/em> reported<\/a>.<\/p>\n\n\n\n

Despite these restrictions, Ukraine\u2019s defense sector is resurging after decades of decline.<\/p>\n\n\n\n

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\u00abDomestic production of military goods has increased from $1 billion in 2022 to more than $9 billion in 2024<\/strong>,\u00bb Hetmantsev noted.<\/p>\n<\/blockquote>\n\n\n\n

While state orders have grown, they still fall short of the sector\u2019s full capacity. Ukrainian manufacturers now face a bottleneck: they can produce at scale but have nowhere to sell.<\/p>\n\n\n\n

That\u2019s why Hetmantsev is pushing for a legislative shift to unlock exports. \u00abEntering the international arms market means additional jobs, tax revenue, export earnings, and the development of our economy,\u00bb he said. \u00abAnd our partners are ready to buy.\u00bb<\/p>\n\n\n\n

Tapping into an \u20ac800 billion opportunity<\/h2>\n\n\n\n

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\u00abThe European Union has already approved the White Paper on European Defense \u2013 Readiness 2030, which calls on EU countries to spend around 3.5% of their GDP on defense,\u00bb Hetmantsev said. \u00abThe ReArm Europe plan has also been adopted, with \u20ac800 billion earmarked for rearmament.\u00bb<\/p>\n\n\n\n

He added that the Security Action for Europe (SAFE) financial program is designed to offer preferential loans to arms manufacturers. \u00abOur producers could potentially join the SAFE program. It\u2019s an opportunity to attract low-cost financing and, through cooperation with European partners, gain access to the technologies we currently lack to produce higher-quality, more modern weapons,\u00bb he said.<\/p>\n<\/blockquote>\n\n\n\n

If Ukraine seizes these opportunities, Hetmantsev believes the defense industry could grow from its current $9 billion annual output to \u20ac25\u201330 billion per year.<\/p>\n\n\n\n

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\u00abOur goal is to ensure that domestic manufacturers, who are already capable of producing far more modern and high-tech weapons than the state orders, can take their rightful place on the global arms market,\u00bb he said.<\/p>\n<\/blockquote>\n\n\n\n