Privatization: News

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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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Ukraine wants to close Russia's skies and has a plan to do it. In an announcement on Sept. 1, President Volodymyr Zelensky gave few details about what it would entail, other than making clear it would involve lots of drones. "There will simply be drones in Russia's skies on a scale that has to be taken into account," he said, as he warned "every airline that uses Russian airspace" against flying over the country. "The Russian sky will be de facto closed," he added. The following day, the pre

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