Concern “Ukroboronprom” no longer exists: details

Concern “Ukroboronprom” no longer exists: details


State concern “Ukroboronprom” ceased to exist. Another enterprise was organized instead.

On June 28, the activities of the state concern “Ukroboronprom” were suspended, Oleksandr Kamyshin, Minister of Strategic Industries, announced.

Instead, a joint-stock company “Ukrainian Defense Industry” was formed.

“We are starting the iron changes of the country’s largest defense enterprise,” Kamyshin commented.

He added that the next step will be the transfer of staff, transfer of property and further transformational processes. Next is the formation of the Supervisory Board in accordance with OECD (Organization for Economic Cooperation and Development) standards.

In March 2023, the Cabinet of Ministers established the joint-stock company “Ukrainian Defense Industry”, 100% of whose shares belong to the state, through the transformation of the State Concern “Ukroboronprom”.

The Statute of JSC “Ukrainian Defense Industry” and Regulations on the Supervisory Board of JSC “Ukrainian Defense Industry” were also approved. The authorized capital of the company is UAH 237 million and is formed by the property of Ukroboronprom.

USM previously reported that the Cabinet of Ministers appointed a new general director of the Ukroboronprom state concern. He will be 31-year-old Herman Smetanin.

It will be recalled that the President of Ukraine, Volodymyr Zelensky, dismissed Yuriy Gusev from the position of General Director of Ukroboronprom. This is stated in the President’s decree of June 27.

“Ukroboronprom” is an association of multidisciplinary enterprises of various branches of the defense industry of Ukraine. The concern consists of enterprises operating in the field of armaments, military and special equipment and ammunition, participating in military-technical cooperation with other states.

In particular, the concern includes Kherson Plant “Pallada” – a state-owned shipbuilding enterprise specializing in the production of reinforced concrete composite floating docks.

The plant was under Russian occupation until the liberation of Kherson by the Armed Forces of Ukraine. Practically before the full-scale invasion of the Russian Federation, Pallada took on new orders under foreign contracts.

Thus, Pallada worked on projects under contracts with the Turkish Hidrodinamik Shipyard and the Croatian Iskra Shipyard 1 LLC – both ordered floating docks in Ukraine.