The  next-generation combat unmanned aerial vehicle (UAV) Akinci will be one of the first projects of the joint venture created by the Ukrainian state-owned company Ukrspecexport, and the Turkish Baykar Defense company, reports the press-service of the Ukrainian national defense concern Ukroboronprom.

"The project is executed through the cooperation of the largest defense companies of Ukraine and Turkey", - said the General Director of the concern Pavlo Bukin.

According to Ukroboronprom, the …

Ukraine plans to grow its arms exports to $2 billion by 2025, Aivaras Abromavicius, chairperson of the advisory board of the Ukrainian state-owned defense conglomerate UkrOboronProm, told Censor.net in an interview.

“In exports we have set ourselves an ambitious goal – to grow by a factor of five by 2025. The world arms market is nearly $2 trillion per year. We want to export $2 billion per year,” he said.

According to him, the most promising areas for military exports are the aircraft and …

Belarus, Ukraine and Venezuela are the countries that owe Russia the most through government loans, according to an estimate by RBC based on open information.

Traditionally, Russia does not disclose information about loans issued to other governments. Their existence becomes known if Russia signs an international agreement which is later ratified by the State Duma. In such cases, Russian MPs talk about the loans, or the borrowing state discloses information about them.

According to RBC, …