The Cabinet of Ministers of Ukraine has abolished the State Reserve. Instead, a new central executive body has been established to implement state policy in the field of state reserves – the State Agency for the Management of Reserves of Ukraine. This was reported by the press service of the Ministry of Economy, Komersant ukrainskyi
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The State Agency for Reserves Management will exercise the powers stipulated by the Law “On State Reserves”.
“They are significantly different from the powers exercised by the State Reserve, so we are launching a radically new structure of this state body,” said Economy Minister Yulia Sviridenko.
The State Agency for Reserve Management will be responsible for managing the state material reserve, which does not include the mobilisation reserve.
This means the creation of stocks of material assets consisting of stocks of raw materials, fuel and energy, material and technical resources, industrial and food products, medicines and medical devices intended for use in peacetime and in a special period.
Material assets of the state material reserve will be purchased exclusively through electronic auctions.
The new body will also form the nomenclature of material assets and their accumulation rates in accordance with the new procedure approved by the Cabinet of Ministers.
“Thanks to these changes, we are moving from the outdated Soviet storage system to modern mechanisms for the formation and storage of state reserves,” Svyrydenko said.
The mobilisation reserve will be managed by other state bodies, including the sale of disarmed material assets, as defined by the Law of Ukraine “On State Reserves”.
In addition, the Government has approved the Procedure for maintaining the Unified Register of State Reserves and providing access to it.
“The introduction of this register strengthens the control and responsibility of both responsible custodians, reservists and balance holders of state reserves. From now on, all information on the turnover of material assets will be reflected in the Unified Register of State Reserves. This will be a secure automated database to track the status of material assets at every stage – laying, storage, refreshment, release, etc.”, added the First Vice Prime Minister of Ukraine – Minister of Economy of Ukraine.
The work of the institution will be coordinated by the First Vice Prime Minister – Minister of Economy of Ukraine.