The State Concern Ukroboronprom has urged the Cabinet of Ministers that it revokes the requirement on obligatory sending of 75% of profit to the national budget by the concern's enterprises, taking into account the fact that this decision is not in line with the task set to the defense and industrial complex to provide for development of production and settling the task of replacing imported goods, Ukroboronprom Head Roman Romanov said in Kyiv on Thursday.

"We've asked the Finance Ministry to revoke [the requirement] to obligatorily send 75$ of profit to the national budget [for the defense and industrial sector]," he said.

"This decision actually puts an end to all our development and imports replacement plans," he said.

Romanov said that the loading of the Ukroboronprom's enterprises is 40% on average today, while in 2015 the concern managed to see profit: net profit of the concern's enterprises in 2015 tentatively will be around UAH 1.5 billion, while in 2014 the concern saw net loss of UAH 350 million.

He said that in 2015, Ukroboronprom sent UAH 685 million of own funds to programs on replacement of imported goods and development of production. The need for these purposes foreseen in the draft state program on development of the defense and industrial sector until 2020 is estimated at UAH 13 billion.

According to earlier published assessments of Ukroboronprom, in 2014-2015 Ukrainian defense industry replaced around 35% of imported spare parts that were earlier bought in Russia.