European Investors Invest in Ukraine Tech

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Ukrainian military technology industry

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Ukrainian defence tech industry

Euronews

•

Technology

While US support weakens, Ukraine's homegrown defence tech is going from strength to strength

Summary

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82% Informative

European investors are starting to put their money behind Ukrainian military technology start-ups in massive numbers.

Venture capitalists have seen "marked" interest from potential investors in Scandinavian countries, the Baltics , and the United Kingdom since US President Donald Trump took office last month .

Ukraine went from having up to 5,000 drones at the start of the invasion to producing an estimated 4 million drones in 2024 , an October report found.

The United States is the largest single donor to Ukraine , giving roughly 114.149 billion since 2022 .

President Trump has asked Ukraine to pay back for this aid with a guarantee of $500 billion ( 487.7 billion ) in rare earth minerals.

If Ukraine wanted to move away from US -based aid, the Bruegel Institute said in a recent report that the dollar values are small enough for Europe to replace the US in full by spending "only another 0.12 per cent of its GDP".

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semi-formal

Language

English

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not offensive

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not hateful