Twelve state-owned coal mining enterprises to be transferred to State Property Fund
The Cabinet of Ministers has adopted a decision to transfer 12 integral property complexes of state-owned enterprises from the management of the Ministry of Energy to the State Property Fund of Ukraine.
Ukrainian First Deputy Prime Minister and Minister of Energy Denys Shmyhal has announced plans to transfer twelve state-owned coal mining enterprises to the State Property Fund, according to Ukrinform. These enterprises, including coal mining and sales companies such as SE Lvivvuhillia, SE Volynvuhillia, and SE Ukrvuhillia, are located in territories that have been temporarily occupied by Russia.
The decision comes at the initiative of the Ministry of Energy and aims to enhance the efficiency of state-owned coal production, attract private investment, and improve the financial condition of the industry. Shmyhal stated that the government will continue to provide state support to miners, emphasizing the preservation of all social guarantees, including the protection of employees from military mobilization.
Relevant budget requests have been submitted to the Ministry of Finance and included in the draft state budget for 2027. The transfer of these coal mines to the State Property Fund was initially announced in March, with the intention of subsequently putting them up for privatization. The Cabinet of Ministers submitted a bill to the Verkhovna Rada at the end of September, providing for the transfer of state-owned mines into municipal ownership that are undergoing liquidation.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
