Negotiations are currently underway to create a joint venture and search for appropriate locations for the production of artillery and tank shells.
Czech billionaire and chief executive officer of Czechoslovak Group AS Michal Strnad plans to invest “hundreds of millions of euros” in Ukraine. These funds can be invested in a joint production of ammunition with the state concern Ukroboronprom.
This is reported by Bloomberg.
According to Strnad, negotiations are currently ongoing on the creation of a joint venture and searching for appropriate locations for the production of artillery and tank shells, as well as heavy equipment.
In addition to ammunition, CSG produces military and civilian Tatra trucks, armored vehicles and wheeled self-propelled howitzers, and also modernizes Soviet T72 tanks for the Ukrainian army.< /p>
At its factories in Slovakia, Spain and Serbia, the Czech billionaire's company has increased production of large-caliber ammunition more than 10-fold since Russia's full-scale invasion in 2022.
“It's not easy to manage such rapid growth. If we have an agreement, we will transfer our technology to Ukraine. In this way we could use their capabilities and their people to increase the production of artillery and tank ammunition,” he told reporters in Prague on Wednesday, March 6.
Recall that the Armed Forces of Ukraine can receive the first batch of hundreds of thousands of 155-mm artillery shells from a number of European countries through the mediation of the Czech Republic.