The Government of Ukraine decided to approve the procedure for using funds to financially support the state enterprise "Production Association Yuzhny Machine-Building Plant named after A.M. Makarov ".
The Cabinet of Ministers allocated UAH 210 million to pay off salary arrears to employees of the production association "Makarov Southern Machine-Building Plant " (Dnipro), the Ministry of Economic Development, Trade and Agriculture reported on the website.
"State budget funds will be used to pay off salary arrears to employees in the amount of UAH 210 million," the Ministry of Economy said following a government meeting on Wednesday.
Recall that the Verkhovna Rada adopted in general the bill №3697, which provides for the allocation of the Southern Machine-Building Plant named after Makarov UAH 2.3 billion to replenish the authorized capital.
“We very often admire Elon Musk, applaud his projects and for some reason forget that we have Yuzhmash, there are incredible specialists who have unique knowledge and unique experience. The state will always support them and will reveal this potential to the maximum, ”said President of Ukraine Volodymyr Zelenskyy during his speech at the presentation of the Strategy for the Development of the Dnipropetrovsk Region.
PO "Yuzhmash " is one of the key enterprises of the rocket and space industry in Ukraine, a world-famous manufacturer of launch vehicles and satellites for civil, scientific and military purposes. Due to the breakdown of traditional cooperation in the context of the annexation of Crimea and military operations in the Donbass, over 50% of the company's production capacities have been in a state of actual downtime in recent years.