Demurinsky Mining News Today

SPFU presents a concept of the Ukrainian Sovereign Wealth Fund, expecting to launch it in 2024. On Nov. 8, Oleksandr Fedoryshyn, acting head of the State Property Fund of Ukraine (SPFU), presented what the Ukrainian Sovereign Wealth Fund will look like to the Verkhovna Rada’s Economic Development Committee. According to Fedoryshyn, the sovereign fund would gradually come to include all strategic SOEs that are not subject to privatization.

Ukraine is one step away from meeting the IMF’s structural benchmarks on corporate governance reform of GTSOU. With the Cabinet’s approval, the Energy Ministry is now able to formally appoint these candidates.

Law No. 3293-IX was known earlier as Draft Law No. 9311-1-d. This is most likely because it has not yet been published in one of the official gazettes: Ofitsiyny visnyk Ukrayiny, Uryadovy kuryer, Holos Ukrayiny, or Vidomosti Verkhovnoyi Rady. After being appropriately adopted and signed, laws of Ukraine must be promulgated in the official language in official printed gazettes within fifteen days, according to a relevant Presidential Decree.

The Security Service of Ukraine, together with the Bureau of Economic Security (BES), has unveiled new crimes of sub-sanctioned oligarch from the Russian Federation Mikhail Shelkov, who is involved in schemes for covert supplies of Ukrainian titanium raw materials to the aggressor country.

The OECD Secretariat to assess a key draft law regarding the corporate governance of SOEs. On Aug. 10, lawmaker Dmytro Natalukha of President Volodymyr Zelensky's ruling Servant of the People Party and chair of the Economic Development Committee of the Verkhovna Rada, announced that the Organization for Economic Cooperation and Development (OECD) Secretariat will offer its opinion on Draft Law No. 5593-d. Draft Law No. 5593-d is aimed at significantly improving corporate governance of SOE...

Editor’s Note: This is issue 97 of Ukrainian State-Owned Enterprises Weekly, covering events from July 7-14, 2023. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and state-owned

IMF updates Ukraine’s conditions to reform SOE corporate governance; another structural benchmark set for the GTSOU. Ukraine must complete the corporate governance reform of the GTSOU by the end of October 2023.

Russia's full-scale war against Ukraine has been going on for more than 500 days. According to the World Bank, on the controlled territory of Ukraine alone, the losses caused by the aggressor amount to more than EUR 400 bln, and after the liberation of the entire territory of our state from the invaders, this amount will double.

Agents of Ukraine's SBU security service arrested Oleksandr Fedoseyev, the right hand man of sanctioned oligarch Mikhail Shelkov, in Dnipro on June 24, for actions aimed at over-throwing the state, the SBU reported on June 26.

The Chinese are not only fully awake but fully cognisant of the Anglo-Saxons’ wiles in the debt, and semiconductor sectors, as well as in honey, Hello Kitty and all others.“Let China sleep. For when she wakes, the world will tremble”.