Ukrainian Armor CEO: Exports stalled, production continues under fire

Ukrainian armored vehicle manufacturer Ukrainian Armor reports that the country's defense exports remain non-operational despite a presidential announcement in November 2025 promising their resumption. CEO Vladyslav Belbas says the stalled process is hindering budget revenues and industry development. Belbas argues exports are essential not merely for company profits but for attracting foreign investment and establishing subsidiaries in Ukraine. He has held three roundtable discussions with American partners, actively encouraging them to enter the Ukrainian market with capital and create local operations. The interview also addresses growing bureaucracy in defense procurement, including alleged "pseudo-tenders," which the CEO says are complicating production processes amid ongoing Russian shelling. The company continues manufacturing armored vehicles under challenging wartime conditions.