The Cabinet of Ministers of Ukraine has set an ambitious goal – to attract about 13 billion hryvnias to the state budget in 2026 through the privatization of state property. This was announced by Prime Minister Yulia Svyrydenko, emphasizing the importance of this task under martial law conditions.
This is reported by Finway
Privatization Plans and Key Assets
According to Svyrydenko, the government expects to receive about 10 billion hryvnias from large privatization and another 3 billion from small privatization. Significant attention is paid to the Ocean Plaza shopping center, which was previously owned by a Russian oligarch and was transferred to state ownership in accordance with the law on sanctions. The state plans to put this asset up for open auction in the third quarter of 2026 with an estimated market value of about 100 million dollars.
“This is an ambitious task in wartime, but it was discussed and agreed upon at a meeting with the Ministry of Economy and the State Property Fund,” the official wrote in a telegram.
Use of Funds and Simplification of Procedures
The Prime Minister emphasized that since the beginning of the year, the government has already received over one billion hryvnias from small privatization and continues to sell prepared assets. She added that the proceeds from the sale, especially of sanctioned assets, are directed to the recovery fund to finance the reconstruction of the country and assist citizens affected by the war.
At the beginning of 2026, the government simplified the procedure for selling sanctioned property of Russian citizens that was seized into state ownership through open auctions. This is expected to expedite the process of asset realization and replenish the state budget during a challenging period for the country.