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Budanov opposes exporting Ukrainian technologies and moving production abroad

Head of Ukraine's Presidential Office Kyrylo Budanov said he opposes exporting Ukrainian technologies, arguing that Ukraine should retain production at home and export high-value finished products instead on Aug. 4.

Budanov opposes exporting Ukrainian technologies and moving production abroad

Ukrainian Presidential Office head Kyrylo Budanov has expressed opposition to the export of Ukrainian technologies, advocating for the retention of production within the country and the exportation of high-value finished products. Speaking at a meeting of foreign diplomatic missions, Budanov stated, "I oppose exporting technologies from Ukraine.

We should export finished products with high added value. That is the only way to strengthen our economy and, in a broader sense, create a degree of dependence on Ukraine among other countries." He warned that giving away technologies effectively results in the sale of a business and the transfer of production, leading to a loss of interest from potential collaborators.

Budanov also cautioned against joint production abroad, noting that it often involves the movement of technologies, equipment, and engineers to a foreign location, which can ultimately lead to the cessation of production and the departure of personnel. He emphasized the importance of maintaining Ukraine-based joint production as the preferred model.

In July, the Cabinet of Ministers approved a resolution establishing a fast-track mechanism for the export of certain categories of military products.

Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at english.nv.ua →

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