Ukraine cancels list of 1,500 assets banned from privatization

Ukraine’s parliament adopted a bill on Oct. 2 to cancel a law that lists state assets banned from privatization.
The cancelled law was adopted in 1999 and included over 1,500 assets, among
them Ukrainian Railway (RAILUA), Naftogaz (NAFTO), Oschadbank (OSCHAD), mail
operator Ukrposhta, and machinery holding Zorya-Mashproekt and some large
compbianes heat and power stations.

The updated legislation still keeps in state ownership
nuclear and hydro power generation companies, as well as gas and oil transit
pipeplines, considered to be strategic for national security.

Alexander Paraschiy: This
legislation paves the way for large state companies to do share placements and
attract money for their development. It also creates the opportunity for really
large privatizations. This is a solid start, and we will closely monitor how
this process develops.