OECD Review of the Corporate Governance of State‑Owned Enterprises in Ukraine 2026

Annex C. Key 33 SOEs in detail

Table A C.1. Key 33 SOEs (2024)

Key 33 SOEs	SB to be established	To be corporatised	Legal form	Corporatised	Triage category
Ukrzaliznytsia	+	+	JSC	Yes	Retain in state-ownership
Energoatom	+	+	JSC	Yes	Retain in state-ownership
Ukrhydroenergo	+	+	JSC	Yes	Retain in state-ownership
Naftogaz of Ukraine	+	+	JSC	Yes	Retain in state-ownership
Ukrposhta	+	+	JSC	Yes	Retain in state-ownership
Ukrainian Sea Ports Authority			SE	No	Retain in state-ownership
Gas Transmission System Operator	+	+	LLC	Yes	Retain in state-ownership
Ukrenergo	+	+	JSC	Yes	Retain in state-ownership
Forests of Ukraine	+	+	SE	No	Retain in state-ownership
Pavlograd Chemical Plant			SE	No	Retain in state-ownership
Motor Sich			JSC	Yes	Retain in state-ownership for the duration of martial law
Energy Company of Ukraine	+	+	JSC	Yes	Retain in state-ownership for the duration of martial law
Defence Procurement Agency			SE	No	Retain in state-ownership for the duration of martial law
Guaranteed Buyer	+	+	SE	No	Retain in state-ownership
Yuzhmash			SE	No	Retain in state-ownership
Pivdenne Design Bureau			SE	No	Retain in state-ownership
Regional Electric Grids			SE	No	Retain in state-ownership
Ukrvuhillia			SE	No	Retain in state-ownership for the duration of martial law
AutoKrAZ			JSC	Yes	Retain in state-ownership for the duration of martial law
Automobile Roads of Ukraine	+	+	JSC	Yes	Retain in state-ownership
State Food and Grain Corporation			JSC	Yes	Retain in state-ownership
Ukrainian Energy Machines	+	+	JSC	Yes	Retain in state-ownership
National Public Broadcasting Company		+	JSC	Yes	Retain in state-ownership
Polygraph Combine Ukraina	+		SE	No	Retain in state-ownership
Kharton			JSC	Yes	Retain in state-ownership
Nadra of Ukraine	+	+	JSC	Yes	Retain in state-ownership
Ukrainian Danube Shipping Company	+	+	JSC	Yes	Retain in state-ownership
Lvivvuhillia			SE	No	Retain in state-ownership for the duration of martial law
Broadcasting, Radiocommunications and Television Concern			Concern	No	Retain in state-ownership
Ukrainian State Centre of Radio Frequencies			SE	No	Retain in state-ownership
Fort			Budgetary Enterprise	No	Retain in state-ownership
Document			SE	No	Retain in state-ownership
General Directorate for Servicing Foreign Missions			SE	No	Retain in state-ownership

Note: Extract from CMU protocol No. 122 dated 29 November 2024, Extract from CMU protocol No. 135 dated 27 December 2024.

Source: Questionnaire responses from the Ministry of Economy.