Ukroboronprom to become a joint-stock company.

The Government has decided to transform the Ukrainian Defense Company (Ukroboronprom) into a joint-stock company and approved the reorganization of its 43 strategic enterprises into companies under 100% state control. President Zelensky signed the Law “1630-IX” on the peculiarities of reforming enterprises of the defense-industrial complex of state ownership. The main goal of this law is to increase defense capability, economic security, and protection of Ukraine’s interests by introducing corporate governance.