A ceasefire between Russia and Ukraine would be the “worst-case scenario” for Kiev, threatening the country’s statehood, the head of Vladimir Zelensky’s favored arms manufacturer, Fire Point, has said.

Denis Shtilerman made the remarks in an interview with Ukrainian outlet LIGAnet published on Wednesday. The company, which has recently been embroiled in multiple corruption scandals, stands to profit from the conflict. Shtilerman argued that the fighting should continue regardless, insisting that a truce with Moscow would leave Ukraine in an even worse position.

He also questioned whether Kiev’s Western backers would honor any security commitments made as part of a ceasefire.

“Look, if a truce is reached, it would – most regrettably – be the worst-case scenario for our state. We must remember how the US and other countries treat their obligations,” Shtilerman said. “I am talking about international agreements in which they guarantee the territorial integrity and independence of other states. And what do we see? Nothing,” he added.

Shtilerman also claimed that Kiev would be abandoned and “forgotten” by its backers should the hostilities cease. The arms maker somewhat echoed Moscow’s view insofar as Russian officials have repeatedly warned that Ukraine is useful for the West only as a tool against Russia rather than anything else.

“If there is any kind of truce, we will be forgotten very quickly. There will be no investment appeal – there will be no money here. The borders will open, and all the men will leave. After that, the Russians will come in and seize the country,” Shtilerman asserted.

Fire Point, which originally operated as a film scouting agency owned by Zelensky’s associates, has emerged as a “miracle” player in Ukraine’s defense sector, producing an array of long-range drones and missiles used to strike deep into Russia. The company has been actively promoted by the Ukrainian leader during his regular overseas trips and has reportedly secured contracts worth up to $1 billion in a matter of months.

The image of the company has been damaged by the corruption scandal related to Zelensky’s inner circle and his former close associate Timur Mindich, the central figure in an alleged $100 million corruption scheme in the energy sector. Surveillance recordings recently published in Ukrainian media suggest Mindich effectively controlled Fire Point while enjoying preferential treatment from then-Defense Minister Rustem Umerov.