The Prime Minister of Ukraine instructed the State Financial Inspection to submit an account on the activities of the key state-owned companies to the Government and appealed to the law enforcement agencies to open criminal proceedings against all identified offenses. He said this at a government meeting on Wednesday, 18 November.

Arseniy Yatsenyuk said that today's session of the Government would review the performance of 100 key state-owned companies.

He recalled that he had told to check the activities of over 20 key state-owned companies "beginning from the State Food and Grain Corporation of Ukraine, Centrenergo, Ukrenergo, Ukrgasvydobuvannia, Ukraerorukh, sea ports and finishing with the power companies, Electrotyazhmash, Ukrhimtransamiiak, etc."

The Prime Minister ordered the State Financial Inspection, which will be transformed into the State Audit one, "together with the National Police, the Security Service of Ukraine and tax police to investigate all the facts disclosed in the media, to find out all the circumstances of the activities of these state-owned enterprises and to submit an account for consideration to the Cabinet of Ministers."

"I appeal to the law enforcement agencies of Ukraine to initiate criminal proceedings for each of the offences, if such facts are proven," underlined Arseniy Yatsenyuk.

The Prime Minister also said that Ukraine's Parliament once again failed to support the proposal of the Cabinet of Ministers on holding fair, transparent and competitive privatization: "This bill was five or six times at the Verkhovna Rada of Ukraine, and is constantly being rejected."

"We are looking forward to a positive decision of the Verkhovna Rada of Ukraine on the introduction of competitive, transparent and fair conditions of privatization," added Arseniy Yatsenyuk.