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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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Luo Haizhou had once asked to be referred to only by his call sign "Brunko," but his reticence has since gone. Luo recruits fellow Chinese volunteers for Ukraine's military, despite warnings from Chinese state security officers to his family back home. He knows that returning to his native Shenzhen is now impossible. "For the few dozen Chinese who have joined Ukraine's military, the choice may have cost them the option of ever returning home." Luo met with the Kyiv Independent a day before

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