Ukraine Bets a Free Market for Weapons Production Can Out-Innovate Russia.

Autor: Lovett, Ian (AUTHOR), Nikolaienko, Nikita (AUTHOR)
Předmět:
Zdroj: Wall Street Journal - Online Edition. 12/23/2024, pN.PAG-N.PAG. 1p.
Abstrakt: The article discusses Ukraine's strategy of utilizing a free-market approach to weapons production to out-innovate Russia in the ongoing conflict. Private companies in Ukraine, like Ark Robotics, have rapidly developed drones and other munitions without government contracts, relying on tax cuts, deregulation, and grants. While Ukraine faces challenges in mass production due to infrastructure issues, the government is supporting defense-tech startups with grants and foreign investment. The article highlights the importance of innovation and adaptability in modern warfare, as Ukraine seeks to counter Russia's advantage through entrepreneurial initiatives. [Extracted from the article]
Databáze: Regional Business News