Verkhovna Rada decided to transfer the property of NKMZ to state ownership

On July 19, the Verkhovna Rada adopted Resolution No. 7566 about certain issues of the forcible expropriation of property under the legal regime of martial law, by which it decided to transfer the property of the Novokramatorsky Mashinobudivny Zavod (NKMZ) to state ownership. This is stated in the relevant bill published on the Rada website.

The draft document was submitted to Verkhovna Rada on 18 July. The next day, it was considered by the Economic Development Committee, but no agreement was reached on the resolution. It was agreed to decide by voting.

According to the explanatory note to the draft resolution, there is a threat of loss of production capacity of NKMZ due to the possibility of its capture by the Russian aggressor.

“NKMZ equipment can be used in the cooperation of enterprises of the military-industrial complex in the production of large-caliber shells, components of artillery weapons (barrels) and the latest domestic artillery weapons systems, in particular, to quickly close the urgent need for 122 mm artillery barrels,” said the initiator of the bill, deputy Volodymyr Ariev.

It is very important to prevent the capture of equipment by the enemy, to preserve and use it for the benefit of Ukraine, the MEP added.

What kind of property of the plant can become state property is not specified in the document, however, the explanatory note states that the implementation of this document will affect budget expenditures. The terms and conditions of the transition have not yet been disclosed.

At the same time, as the president and co-owner of NKMZ George Skudar in interview HB noted, the decision of the parliament to transfer the enterprise to state ownership came as a surprise to him.

NKMZ announced about the conservation of production facilities on February 28. According to information of the trade union committee of the enterprise, employees were paid a salary for June in the amount of 2/3 of the tariff rate.

Novokramatorsky Mashinobudivny Zavod is the largest individual heavy engineering enterprise in Europe. The plant, among other things, specializes in the production of rolling, iron&steel equipment. The geography of deliveries includes 79 countries of the world. Among them are France, Italy, Poland and the CIS countries.

  • Infrastructure

Businesses purchased the entire volume of electricity at the first long-term auctions

The first electricity auctions under the new long-term contract mechanism have taken place in Ukraine.…

Monday July 13, 2026
  • Global Market

India has extended the anti-dumping duty on imports of seamless pipes from China

India has extended the anti-dumping duty on imports of seamless pipes, tubes and hollow sections…

Monday July 13, 2026
  • Companies

Jingye Steel will insist on full compensation for the takeover of British Steel

China’s Jingye Steel has stated that it will demand prompt, adequate and effective compensation from…

Monday July 13, 2026
  • Global Market

EU decision on steel quotas poses further challenges for Ukraine – Politico

On 1 July, new EU safeguard measures on steel came into force after the European…

Monday July 13, 2026
  • Global Market

JSW Italy has reached an agreement with the Italian government on the development of the Piombino steelworks

The Italian Ministry of Economic Development (Mimit) has reached an agreement with JSW on the…

Monday July 13, 2026
  • Global Market

Baosteel is raising prices for hot-rolled steel for August sales

Baoshan Iron & Steel (Baosteel), a subsidiary of the world’s leading steel producer China Baowu…

Monday July 13, 2026