Mykhailo Fedorov seeks U.S. investment for defence technology fund and weapons companies

  • Mykhailo Fedorov seeks U.S. investment for a defence technology fund and Western capital.
  • €45 billion loan from the European Union is planned for next year.
  • Yevhenii Khmara seeks earlier financing, larger allied contributions, and support from new countries.

Ukraine’s former defence minister Mykhailo Fedorov is seeking U.S. investment for a defence technology fund and Western capital to build and manage weapons development companies intended to help Kyiv resist Moscow. In a Financial Times interview published on Sunday, Fedorov did not disclose whether he would benefit financially from the fund or explain his role in overseeing it. Separately, new defence minister Yevhenii Khmara said Ukraine would seek to bring forward part of a €45 billion ($52.1 billion) European Union loan planned for next year, while lobbying allies for larger contributions and seeking support from countries that have not yet provided assistance.

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