State Reserve Agency of Ukraine to be reformed, unprofitable enterprises to be ceded to State Property Fund, while Naftogaz to acquire oil depots

MOSCOW. Aug 22 (Interfax) - The Ukrainian government has approved a strategy for the state reserve system's reform in the period until 2025, the Ukrainian media said with the reference to the Ukrainian Economy Ministry.

"The reform envisages the liquidation of the State Reserve Agency, alongside the resolution of the entity's debt problem and the transfer of unprofitable enterprises to the State Property Fund and oil bases to Naftogaz of Ukraine," a press release said.

The liquidated agency will be replaced with a new central executive agency based on new principles, it said.

The range of assets accumulated in state reserves will also be updated and compartmentalized into four baskets, the ministry said. The energy basket will store coal, gas, gasoline and diesel fuel, while the defense basket will accumulate jet fuel, motor oil, diesel fuel, military food rations and chemical protection gear.

The food basket will contain protein and soup mixtures, freeze-dried fruits and vegetables, long-term storage products, and water purification tablets, and the medicine basket will store antibiotics, emergency medicines, medical masks, saline solutions, syringes, etc.

The information about all reserves will be digitalized, and the accounting and management of the stock will be done via electronic registers, the press release said.