“Ukroboronprom” increased its sales of weapons and entered the top 100 manufacturers

«Укроборонпром» нарастил продажи оружия и вошел в топ-100 производителей

Domestic enterprise “Ukroboronprom” every year improves its position in the rating of producers of weapons. According to the Stockholm Institute for peace studies (SIPRI), Ukrainian defense company took 81 place among the world’s production in 2017, increasing sales to over $1 billion a Year earlier, Ukroboronprom was on 79th place.

Among the leaders of the defense complex – the United States on 1 position, is located next to Russia, which managed to beat Britain. Sale of Russian weapons, has been steadily growing since 2011, together with the cost of the army. Third place – Britain, which in 2002 was 2 position on sales of arms to it. However, the country is still the largest producer in Western Europe.

In SIPRI noted that in 2017 Russia cut military spending to $66,3 billion, which is 20% less than in 2016. According to the Stockholm Institute, Ukraine also reduced spending on the defence sector. In 2017, the country gave to the defense industry, an estimated 3.6 billion dollars, which is 10% more than in 2016, but adjusted for inflation, spending actually fell by 2%.

It was also reported that the nuclear countries have started upgrading weapons.