Ukrainian President Petro Poroshenko has signed a decree in order to reform defence procurement after two corruption scandals involving the state-run Ukroboronprom defence conglomerate came to light.
The scandal broke out following the release of successive videos by Bihus.info after the conclusion of an investigative project. The latest one accuses Ukroboronprom of procurements at prices five times higher than the market average. The first one was dedicated to how Oleh Hladkovskyi, President Poroshenko’s business partner, allegedly laundered $9.2 million in defense procurements.
Poroshenko signed the official order enacting the decision of the National Security and Defense Council of Ukraine (NSDC) "on the reform of the military-industrial complex and increasing the level of transparency in the implementation of the state defense order," according to a report by published by the press service of the President of Ukraine.
Domestic defense enterprises need to be strengthened to fulfil provide security, and to equip defense forces with new and modernized weapons and military equipment in the face of the Russian aggression, the report read.
Regular inspections of Ukrainian military-industrial enterprises, eliminating corruption risks, increasing transparency and strengthening control over the activities of the Ukroboronprom and other state-owned enterprises of the defense industry form a part of the new reform under the signed decree.
In addition, Poroshenko promises to have Ukroboronprom’s accounts audited with the involvement of international experts and announce results to the public.
German Naval Yards to Sue Government over Multi-billion Dollar Frigate Contract to...
Rosoboronexport Bags First International Sale of Mi-38T Large Transport Helicopter
Taliban claims Shooting Down US military aircraft in Afghanistan, Pentagon Denies
Preparatory Work Commenced to Set Up Russian Nuclear Power Plant in Ethiopia
Junked Railway Rake Mistook for Indian ICBM
France “Obstructing” Turkey-Eurosam Missile Defence System Project: Turkish Official
Indonesia Seeks Rafale Jets, Submarines, Warships in Defence Cooperation Deal with France
Turkey All But Gives up on F-35 Jet Deal, Seeks Alternatives
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...