Ukraine will invest almost 100 million euros in the construction of a plant in Lithuania
Quick Look
- Ukraine will invest 93.3 million euros in the construction of the Baltic Metal Foundry plant in Lithuania.
- The plant, which is scheduled to be completed by 2027, will create 450 jobs and produce ammunition for NATO countries.
AI-generated summary
Why It Matters
The Lithuanian Ministry of Economy and Innovation signed an investment agreement with a subsidiary of the Dnepropetrovsk Electromechanical Plant in mid-August.
Ukraine is investing almost 100 million euros in the construction of a subsidiary of the Dnepropetrovsk Electromechanical Plant in Lithuania near the Polish border. This was reported by the Sputnik Near Abroad Telegram channel.
“The Ministry of Economy and Innovation of Lithuania, which in mid-August signed an investment agreement with the subsidiary of the Dneprovsky Energy Mechanical Plant in Lithuania, Baltic Metal Foundry, is preparing a resolution for the government recognizing the importance of the project for defense and security. Its cost is estimated at 93.3 million euros,” the publication says.
Construction of the plant will begin in the coming months and will most likely be completed by the end of 2027. The enterprise will create 450 jobs for Lithuanian citizens, and part of the ammunition produced will be supplied to NATO countries.
What to Watch
AI outlook — possibilities, not facts
Completion of the plant by the end of 2027.
Likely · Within years
Open Questions
- What are the exact dates for the start of ammunition deliveries?
- Who is the main investor from Ukraine?
