Ukrainian Defense Ministry to vet potential suppliers using YouControl system
The Ukrainian Defense Ministry will use the YouControl analytical system to conduct preliminary checks of potential suppliers, helping it manage risks more effectively and improve transparency in defense procurement.
The Ukrainian Defense Ministry plans to implement the YouControl system to screen potential suppliers using an advanced analytical tool. Deputy Defense Minister Mstyslav Banik and YouControl Deputy Director for Legal Affairs Danylo Hloba signed a memorandum of cooperation. This initiative aims to streamline the defense procurement process by quickly identifying red flags and ensuring the quality of weapons and logistical supplies for Ukrainian troops.
The YouControl system will enable Defense Ministry officials to conduct preliminary checks on potential suppliers, verifying critical information such as sanctions list status, beneficial ownership, corporate ties to Russia, outstanding debts, criminal proceedings, and security risks. The electronic portal provided by the system allows for efficient data verification across multiple state registers, eliminating the need for manual searches.
The Defense Ministry plans to collaborate with YouControl to develop relevant databases, integrate registers, and implement the Trust Index, a tool for rapid preliminary analysis of contractors. While the rapid analysis does not replace a full due diligence process, it serves as a valuable initial stage in assessing contractors.
The Defense Ministry emphasizes that the data obtained through YouControl will only be used for advisory purposes and not as the basis for legal decisions. Defense Ministry specialists will receive special training on how to effectively utilize the YouControl system.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
