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Government initiates formation of commission for external audit of ARMA

Ukraine Government

Ministry of Economy, Environment and Agriculture of Ukraine, posted 21 August 2025 17:35

The Cabinet of Ministers of Ukraine has adopted a decision to form a Commission for conducting an external audit of the National Asset Recovery and Management Agency of Ukraine (ARMA).

Following the Cabinet meeting, a decision was made to conduct an independent external evaluation (audit) of the effectiveness of ARMA.

According to the Government's decision, a Commission will be established to independently assess ARMA's performance. The Commission will include representatives of international partners who, over the past three years, have provided Ukraine with support in the areas of anti-corruption, law enforcement reform, and asset identification and management.

A protocol decision instructed:

• The Secretariat of the Cabinet of Ministers to prepare, within 10 days, a list of international partners who have provided relevant support to Ukraine;
• The Ministry of Foreign Affairs and the Ministry of Justice to invite these partners to nominate candidates for the Commission.

The external evaluation (audit) is mandated by the new version of the ARMA reform law, which came into effect on 30 July 2025. The audit aims to independently assess the Agency's effectiveness, institutional capacity, and compliance with international standards for managing seized assets.

The audit results will serve as a critical foundation for further strengthening ARMA's institutional development and shaping long-term management decisions in the field of seized asset management.

"The formation of the Commission with the participation of international partners will ensure the objectivity of the evaluation, and the audit results will guide the Agency's further institutional development," said Yaroslava Maksymenko, Acting Head of ARMA.

As a reminder, the external audit is one of the core components of ARMA's reform, alongside the introduction of a new competitive procedure for selecting Agency leadership, improvements in asset transfer mechanisms, and the integration of new electronic oversight tools.