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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Nikita Malyshev signed a contract with the Russian Defense Ministry on April 8, the day after his 18th birthday. A little more than two months later, he was dead, becoming the youngest known Russian serviceman killed in Russia’s war against Ukraine. Malyshev came from Buryatia, a remote Russian republic in eastern Siberia that has supplied some of the highest numbers of contract soldiers and suffered some of the highest losses of any region since the start of the full-scale invasion. Days afte

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