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Security Service: $406 million in seized assets handed over to state for investigation

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According to the Security Service of Ukraine (SBU), over the last week, seized assets originally belonging to the state but that were illegally sold were handed over to Ukraine's Asset Recovery and Management Agency. The seized assets included 80 properties with an estimated value of Hr 7 billion ($190 million), as well as the assets of 19 Ukrainian companies that were controlled by Russian companies, including Rosneft, Gazprom, and Russian banks worth Hr 7.75 billion ($210 million).

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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