UKROBORONPROM THANKS DEPUTIES FOR LEGISLATIVE SUPPORT OF RUSSIAN GOODS REPLACEMENT PROGRAM

SC "UkrOboronProm" expresses gratitude to the deputies who approved important laws for defense industry, supporting import substitution program – this is how the State Concern leadership commented on the approval of series of bills by Verkhovna Rada of Ukraine on December 6 – the bills, exempting from taxation and VAT communication and reconnaissance means for Ukrainian armored vehicles.

"The adoption of these laws is a significant step towards import substitution program, implemented by UOP. This allows Ukraine export more modern and accurate foreign technology products for domestic armored vehicles at a lower price, and the Armed Forces of Ukraine will get cheaper military equipment of better quality. We are grateful to the deputies who supported these laws – important for strengthening the defense of our country ", – stressed UOP leadership.

On December 6, the deputies passed the bills №4592-d "On Amendments to Article 282 of the Customs Code of Ukraine regarding the duty exemption of defense products", №4915-d “On Amendments to subsection 2 of section XX “Transitional Provisions "of the Tax Code Ukraine on VAT tax exemption for defense products” and the law №5128 “On amendments to § 41 section XXI Customs Code of Ukraine regarding supplies of materials (fabrics) for manufacture of special means of individual protection.”

UOP represrentatives added that they are waiting for a consolidated position of the deputies regarding other laws, necessary for implementation of the Reform strategy of the defense complex of Ukraine. In particular, it is necessary to adopt a public-private partnerships model, to allow the plants to create joint ventures with foreign partners, to provide sectoral support and financial recovery of the sector.

“UkrOboronProm” represented a defense industry reform strategy. It provides simultaneous operation in the legal, technological and production sectors. The reform assumes the following steps: mplementation of corporate management international standards, audit involving international companies, enterprises clustering by equipment types, extensive measures on technology protection, platform for innovations. These changes will enable integration of defense complex of Ukraine into the international community, to ensure its reliable and highly technological work.