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Title Ukraine’s integration into the world arms market
Authors Zhuravka, Fedir Oleksandrovych  
Botvinov, R.
Parshyna, M.
Makarenko, T.
Nebaba, N.
Keywords arms
arms import
defense-industrial complex
export potential
joint projects
military equipment
Ukraine
world arms market
Type Article
Date of Issue 2021
URI https://essuir.sumdu.edu.ua/handle/123456789/87589
Publisher LLC “Consulting Publishing Company “Business Perspectives”
License Creative Commons Attribution 4.0 International License
Citation Fedir Zhuravka, Rostislav Botvinov, Marharyta Parshyna, Tetiana Makarenko and Natalia Nebaba (2021). Ukraine’s integration into the world arms market. Innovative Marketing , 17(4), 146-158. doi:10.21511/im.17(4).2021.13
Abstract Hostilities in eastern Ukraine have highlighted the need for accelerated transformation of Ukrainian armed forces and strengthening country’s defense capabilities. Ukraine is an active consumer and exporter of weapons, so it needs to improve constantly its position in the international arms market, which, by the way, unlike most markets suffering from the COVID-19 pandemic, is constantly growing. The study aims to assess the prospects of Ukraine’s integration into the world arms market to secure its armed forces and achieve the highest possible level of arms exports. Methods of comparative analysis and integrated approach were used in the study. The obtained results demonstrated that Ukrainian arms export has fallen dramatically in recent years (from 1501 million USD in 2012 to 115 million USD in 2020); the largest importers were China (36% of Ukraine’s total arms exports), Russia (20%), and Thailand (17%). The main explanation for this is the necessity of transition to more technological weapons. Concerning weapon imports, Turkey, the USA, Great Britain, Poland, and Bulgaria became the main suppliers. It is about ammunition, electronics, including electronic warfare stations, means of communication, sniper rifles, grenade launchers, etc. The study substantiated that Ukraine should implement joint projects with other countries to fully develop its high-tech weapons in accordance with the latest military technologies.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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