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Ukraine war latest: 4 Russian warships damaged in strike on Black Sea Fleet port in Novorossiysk

Key developments on Aug. 12: * 4 Russian warships damaged in strike on Black Sea Fleet port * Ukraine liberated 745 square kilometers in Oleksandrivka sector since January, Zelensky says * Ukrainian unit reports shortages of food, water on front line, command promises evacuation when 'security situation allows' * Ukraine's HUR reveals size of Russia's Geran attack drone stockpile * Zelensky teases joint plan with allies to force Putin to stop war Four Russian warships were damaged in a Uk

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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