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Privatization: News

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Europe shuts US out of Russian assets conversation

"These are frozen Russian assets held in Europe, belonging to Russians who are destroying Ukraine and killing people there every day... the idea of releasing these assets is completely out of the question," said Finnish Prime Minister Petteri Orpo.

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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