The corporatization of the state-owned enterprise “Forests of Ukraine,” provided for in the draft government action program published on Monday, involves transforming the state-owned enterprise into a joint-stock company, with 100% of the shares belonging to the state, Yulia Pliska, director of the GR and corporatization department of the state-owned enterprise, told Interfax-Ukraine.
According to her, the State Forestry Agency of Ukraine (SFAU) has developed a special bill for the corporatization of the state-owned enterprise “Forests of Ukraine,” which is currently being reviewed by the relevant ministry. Virtually all of Ukraine’s largest state-owned companies have been corporatized under a special law. If the corporatization of State Enterprise “Forests of Ukraine” takes place without a special bill, it will be necessary to legislate certain aspects of the process that will regulate the specifics of the enterprise’s transformation into a joint-stock company.
“The advantages of corporatization are a management model that is understandable to international investors, which is a prerequisite for attracting investment. An independent assessment of assets will open up the possibility of attracting funds from international financial organizations: the World Bank and the European Bank for Reconstruction and Development (EBRD). Unlike a unitary enterprise, a joint-stock company has greater flexibility in implementing investment projects. In addition, a joint-stock company has the right to direct funds from the sale of illiquid assets to the development of the company,” said Pliska.
The corporatization of Lisy Ukrainy is expected to accelerate the introduction of new modern technologies, upgrade the material and technical base, and thus increase production efficiency. However, the state will remain the owner of forest lands, which, as before, will not be subject to privatization.
As reported, the Cabinet of Ministers, in its draft Action Program published on Monday, named the adoption of new legislation on the timber market and the corporatization of the state-owned enterprise Lisy Ukrainy as one of its priorities.
Employees of the Security Service of Ukraine have detained Vyacheslav Boguslayev, president of Motor Sich JSC, who is suspected of collaborating and working for the Russian Federation, the press center of the SBU reported.
In addition, law enforcement officers detained the head of the Department of Foreign Economic Activity of this enterprise.
The suspects were announced on suspicion under two articles of the Criminal Code of Ukraine, in particular, Art. 111-1 (collaboration activity) and art. 111-2 (complicity with the aggressor state).
The SBU noted that the detention took place within the framework of criminal proceedings on the illegal supply by Motor Sich of military goods for Russian attack aircraft.
According to the materials of the investigation, the management of the plant located in Zaporozhye is involved in the deal. Officials acted in collusion with representatives of the Russian corporation Rostec, which is one of the main arms manufacturers for Russia, close to the Kremlin.
“The attackers have established transnational channels for the illegal supply of wholesale lots of Ukrainian aircraft engines to the aggressor country. The occupiers used the resulting products for the production and repair of Russian attack helicopters of the Mi-8AMTSh-VN “Sapson”, KO-52 “Alligator”, Mi-28N “Night Hunter” types “, the message says.
It has been established that the invaders massively used the corresponding models of army aviation for a full-scale invasion of Ukraine. This is confirmed by numerous facts of the destruction of enemy combat helicopters by our defenders.
“To circumvent the established restrictions on trade with the Russian Federation, the organizers of the scheme used controlled commercial structures in three countries of the Middle East, Europe and East Asia. It was these companies that sent the order to the Ukrainian manufacturer, allegedly for the needs of the foreign side,” the report says.
At the same time, after receiving military products, “intermediaries” forwarded them to Russia. The enemy also used his foreign accomplices to repair and maintain their own aircraft using Ukrainian spare parts.
During the investigation, the Security Service officers identified all the organizers of the transactions, documented their criminal actions and carried out comprehensive measures to bring the perpetrators to justice.
Vyacheslav Boguslaev, President of JSC “Motor Sich” – one of the largest enterprises in Europe for the production of aircraft engines. Prior to the sale of a controlling stake in the Chinese company Skyrizon, which was frozen by the court, he was the largest shareholder of the enterprise.
Born in 1938, in 1966 he graduated from the Zaporozhye Machine-Building Institute with a degree in Aircraft Engines, since 1973 he has been the director of the Volochisk Machine-Building Plant, since 1988 he has been the general director of the Zaporizhzhya PO “Motorostroitel”.
Boguslaev headed Motor Sich in 1991. Since 1994 – the head of the board and general director of Motor Sich OJSC.
Since 2006, the people’s deputy of Ukraine of 5-8 convocations, and since 2019, the president of Motor Sich JSC and the general designer for the creation and modernization of helicopter technology.
