Bloomberg Tech

Ukraine Recap: Zelenskiy Pledges a Big Defense Budget Next Year

Ukraine’s President Volodymyr Zelenskiy said defense and security spending for next year “will be as much as this year’s level,” at 1.6 trillion hryvnia ($43.8 billion). “At least!,” he added. In his nightly address, he said nearly 100 billion hryvnia (almost $3 billion) would go directly for weapons production, including Ukraine’s “drone army,” which he said is showing strong results.