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Five Ukrainian Strategic Company Placed Under the Management of the MoD of Ukraine

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 Photo for illustration /Мi-2МSB-V helicoter from Motor Sich
Photo for illustration /Мi-2МSB-V helicoter from Motor Sich

The assets of Motor Sich, Zaporizhtransformator, AvtoKrAZ, Ukrnafta and Ukrtatnafta have been placed under the management of the Ukrainian Defense Ministry

The relevant statement was made by National Security and Defense Council of Ukraine (NSDC) Secretary Oleksiy Danilov at a briefing.

“In accordance with the decision taken by the Supreme Commander-in-Chief Headquarters and due to the military necessity, on November 6, 2022, five enterprises were alienated: Motor Sich, Zaporizhtransformator, AvtoKrAZ, Ukrnafta and Ukrtatnafta. The seized assets acquired the status of military property, and their management was transferred to the Ukrainian Defense Ministry,” Danilov said.

Read more: Motor Sich under Arrest – SBU Investigating Subversive Activities for Russia's Benefit
Mi-8MSB is a Ukrainian version of the modernization of the Soviet Mi-8 helicopter, developed by Motor Sich JSC.
Mi-8MSB is a Ukrainian version of the modernization of the Soviet Mi-8 helicopter, developed by Motor Sich JSC.

In his words, after martial law ends, these assets may be returned to their owners, or their value can be reimbursed.

The line of some AvtoKraz military vehicles
The line of some AvtoKraz military vehicles

At the same time, PM Denys Shmyhale said in Telegram, Strategic Ukrainian enterprises that were recently nationalized – Motor Sich, Ukrnafta, Ukrtatnafta, AvtoKrAZ, and Zaporizhtransformator – will work around the clock to meet national defense needs of the country.

Read more: KrAZ Delivered 6x6 Truck Tractors to Ukrainian MOD