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Ukraine war latest: Sweeping new reforms to terms of service announced in effort to ease manpower crisis

Key developments on June 12: * Ukraine announces landmark military service reforms with record pay raise for infantry * Russian rubber plant, oil refineries struck by Ukrainian drones in latest overnight attack, military confirms * Ukrainian drone maker Skyfall partners with Airbus on defense innovation * Sumy hit by morning artillery bombardment as Russian strikes across Ukraine kill at least 6, injure 52 over past day * 'High probability' of Russian missile launch from Oreshnik site over

About Privatization

Ukraine's privatization program aims to transfer state-owned enterprises to private ownership to improve the economy's competitiveness. Ukraine’s State Property Fund manages auctions for state assets ranging from small businesses to large industrial facilities, with proceeds designated for defense and reconstruction needs. Ukraine suspended privatization of strategic enterprises in March 2022 following Russia's full-scale invasion, but resumed limited sales of non-critical assets in 2023.

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