The Cabinet of Ministers of Ukraine terminated the agreement with the Russian government on retaining the specialization of enterprises and organizations involved in production of military products. The corresponding decision was made at a government meeting on October 18.
The agreement was signed in Moscow (Russia) on December 21, 2000 and entered into force on March 4, 2005. According to the document, the parties were obliged to contribute to the preservation of the production and scientific technical specialization of enterprises and organizations that take part in the development, production and testing of weapons and military equipment, provision of military services and supplies of materials, semi-finished products, components, add-in products, training and auxiliary property.
At the same time, Article 10 of the document states that the termination of this agreement does not affect the obligations of parties’ economic entities by contracts (contracts) concluded within the framework of the agreement during its action, unless the parties have agreed otherwise.
As it was reported earlier, financing for military equipment and weapons purchases has increased by 10 times in Ukraine recently. This was stated by the President of Ukraine Petro Poroshenko during the opening of the exhibition of weapons and military equipment in Kyiv.
"The financing for the purchases of military equipment and armaments increased 10 times compared to 2013. During the war we found these opportunities. 62,5 million dollarswill be allocated now to purchase and modernize the latest weapons and military equipment, and another 54, 719 dollars to the construction of a plant for the production of ammunition based on the latest technology. Budget of 2017 provides 2,5 billion dollars for the needs of Ukraine’s Armed Forces , " the president said.