Ukraine cancels list of 1,500 assets banned from privatization

3 October 2019

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.