KYIV, May 21 – U.S. sanctions against Russia for its meddling in Venezuela may force South American countries to seek alternatives for Russian arms, opening up opportunities for Ukrainian arms companies, Ukroboronprom said.

"Ukraine has a unique chance to strengthen its position on the arms and military equipment market of Latin America. The introduction of sanctions by the United States against Russia for meddling in the conflict in Venezuela is forcing countries of the region to look for an alternative to Russian producers," Ukroboronprom Head Pavlo Bukin said, commenting on Ukroboronprom's participation in the seventh International Conference of Technology for the Defense and Prevention of Disasters 2019 (SIDEF Peru 2019) in Lima, Peru, Ukroboronprom's press service said, citing Bukin's comments.