Czech Billionaire Wants to Help Ukraine Produce More Ammunition
- Strnad could invest hundreds of millions of euros in Ukraine
- Czechoslovak Group seeks joint venture with Ukroboronprom
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One of Europe’s biggest arms manufacturers is offering to help Ukraine ramp up its own production of heavy ammunition as the country struggles to repel the Russian invasion amid dwindling western aid.
Czechoslovak Group AS would like to invest “hundreds of millions of euros” in Ukraine, its billionaire owner and Chief Executive Officer Michal Strnad told reporters in Prague on Wednesday.