Kiev Ratified the Massive Privatisation of Infrastructure Demanded by the West

Translated by Ollie Richardson


The list of 26 objects for large privatisation that are subject to sale in 2018 was approved by the Cabinet of Ukraine. This decision was made at a governmental meeting on May 10th.

According to the explanatory note, privatising these objects will promote their modernisation and technical re-equipping and will also allow to implement the plan for the privatisation for 2018 (21.3 billion hryvnia in the State budget).

According to the decree, 18 objects that are managed by the State Property Fund will be offered for sale: the power supplying companies “Ternopoloblenergo”“Zaporozhoblenergo”, “Kharkovoblenergo”, “Nikolaevoblenergo”, and “Khmelnitskoblenergo”; the thermal power plants in Kherson, Dnepropetrovsk, Krivoy Rog, Severodonetsk; Azovmash, Turboatom, the Zaporizhia Titanium & Magnesium Combine, “Oriana”, the aluminum foil plant, President-Hotel, Centrenergo, the Odessa port plant, and Sumykhimprom.

Three objects are managed by the Ministry of Economic Development and Trade: United Mining and Chemical Company, the Electrotyazhmash plant, and the Dniprovsk electric locomotive plant.

Two objects are managed by the Ministry of Agrarian Policy and Food: the “Agrarian fund” and the State Food and Grain Corporation of Ukraine (SFGCU).

One object is subordinated to the Ministry of Energy and Coal Industry – “Coal company Krasnolimanskaya”, one object is subordinated to the Cabinet of Minsters of Ukraine – “UkrAgroLeasing”, and one more object is subordinated to the Ministry of Health – “Indar”.

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