Ukraine’s New Ammunition Decree: July-2025 Fast-Track Entry Points for Foreign Investors

What Changed

1. No permit reset.
   • All storage / production certificates issued under the old pilot project stay valid for the entire war period.
   • New plants file once through the Ministry of Defense (MoD); no extra police or interior approvals.

2. Wider definition of explosives.
   • Any commercial powder— even hunting or mining grades— now counts as “military-purpose.”
   • Result: civilian suppliers can legally sell into defense chains.

3. Long-term MoD contracts.
   • Multi-year off-take agreements with cost-plus pricing, indexed for inflation.
   • MoD will publish a quarterly list of required calibers (first list due 15 Sep 2025).

4. Import & currency freedoms.
   • Zero duty/VAT on imported feed chemicals and machinery.
   • Free conversion of hryvnia to USD/EUR; transfers abroad guaranteed.

5. Risk cushions.
   • Access to MIGA war-risk cover, EU SAFE Fund guarantees, and U.S. DFC co-finance for joint ventures.

Key Investment Tracks

• Brown/green-field shell & cartridge lines
  Up-front CapEx pays back in 18–24 months under MoD off-take.

• Bulk powder & TNT plants
  Duty-free chemical imports; margin uplift from NATO export sales.

• Modular filling & assembly hubs
  Quick deployment in western oblasts; local property tax holidays.

• Smart-fuze / guidance R&D
  Eligible for Brave1 tech vouchers and IP protection in DRAGON Court.

• Up-cycle of civilian explosive stock
  Government auctions surplus mining powder; zero excise on repurposed EM.