UKRAINIAN DEFENCE COMPLEX NEEDS LEGISLATIVE CHANGES TO INTEGRATE INTO THE GLOBAL MARKET – ARTHUR HERUVIMOV

Outdated and flawed Ukrainian legislation hampers UKROBORONPROM from integration in global military complex. We must – as soon as possible – remove legislative restrictions on joint ventures, public-private partnerships, establish offset legislation and maintain a stable defense order. This was stated by UKROBORONPROM Deputy Director General for Development Arthur Heruvimov in his speech at the Ukrainian forum on security and defense – the first largest international platform in Ukraine, bringing together members of the Ukrainian market and international investors, with a focus on domestic market investment opportunities for defense and security.

Over 400 people took part in the Forum. Among them – more than 250 senior executives of companies from 20 countries, including Boeing, Airbus, Thales International, Microsoft Corp., PCO SA, Sagem Défense Sécurité, Elbit Systems, Caterpillar Inc, Renault Trucks Defense, Honeywell Defense and Space Int ., Orbital ATK, STC Delta etc. The leaders of the top 100 Ukrainian and international companies in the field of defense and security, Ukrainian manufacturers of defense industry manufacturers, foreign investors, international financial corporations and foreign embassies attended the given event. In particular, the Secretary of National Security and Defense Council of Ukraine Oleksandr Turchynov, the Minister of Defense of Ukraine Stepan Poltorak, Chairman of the Security Service of Ukraine Vasyl Hrytsak, NATO Deputy Assistant Secretary General for Defence Investment Ernest J. Herold, Deputy Head of the NATO Liaison Office in Ukraine Mark Ophenort, Minister of Defence of Georgia 1998-2004 David Tevzadze and others. The event was covered by 200 media representatives.

According to Arthur Heruvimov, maximum profit of defense enterprises is to be reinvested in technology and personnel structure, to reformat UKROBORONPROM’s structure in accordance with international standards – are the immediate changes to be made.

"Solving these problems will be a specific signal to investors that they can safely enter the Ukrainian market, to invest and to be confident in the effectiveness of these investments. And Ukraine will have a chance to enlist the support of powerful global investment companies to ensure stable significant defense orders and, as a result, – to get billionth currency revenue", – he said.

UKROBORONPROM Deputy Director General for Development stressed that the State Concern is to integrate into the global military complex, to attract investment, technology, enter into partnership projects in order to fulfill the task, set by the President of Ukraine and to bring the country’s economy up to a new level.

"Here on the forum, as well as during the daily work of  the State Concern, investors and international defense players are showing great interest in Ukrainian defense industry. For our part, we are completely open to cooperation, removing the iron curtain for the first time in 25 years ", – he said.

In 2015UKROBORONPROM 100% fulfilled the state defense order, significantly ahead of the schedule.