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Ukraine

President: We are now initiating a comprehensive international audit of Ukroboronprom

Ukraine initiates an international comprehensive review of the activities of Ukroboronprom.

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Ukraine initiates an international comprehensive review of the activities of Ukroboronprom. It was stated by President Petro Poroshenko in a meeting of the National Security and Defense Council.

“We are now initiating a comprehensive international audit of Ukroboronprom in accordance with the law on national security. A comprehensive revision of all contracts,” the Head of State said.

“It should be absolutely transparent, ensure full confidence of the Ukrainian society. Provide our international partners with the information that will enable us to establish or deepen our cooperation, demonstrate full openness and transparency in the issues of the reform of Ukroboronprom,” Petro Poroshenko added, noting that this should be ensured by the Government.

Also, the President proposed to expand the supervisory board of Ukroboronprom. “I propose to immediately resolve the issue of expanding the composition of the Supervisory Board of Ukroboronprom with international experts from the partner countries – members of NATO. Given our further integration into NATO, we have nothing to hide from our partners. And it will accelerate the achievement of the standards, necessary for our accession to the North Atlantic Alliance, by the enterprises of Ukroboronprom,” the Head of State underlined.

“I emphasize once again that this is a step on the implementation of the Law “On the National Security of Ukraine”. The audit of Ukroboronprom, the assessment of its corporate governance, the renewal of the supervisory board, control and transparency of the state defense order will help transform the concern and preserve trust of partners, investors and citizens,” Petro Poroshenko stressed.

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