President Zelensky signed the Law, which fully launches the reform of State conglomerate Ukroboronprom. Officially, the Law will enter into force when it is published.
The reform provides for transforming Ukroboronprom into transparent companies with a system of corporate governance following the best international standards. It is essential for Ukraine’s national security, our capability to protect democracy and constant movement towards Euro-Atlantic integration.
The reorganisation of Ukroboronprom is to happen within three months now, with the decision from the Cabinet of Ministers’ side. When the new joint-stock company (JSC) is established, Ukroboronprom itself will be liquidated.