Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine started selling confiscated Russian property at online auctions to collect money for the reconstruction of damaged objects

Ukraine started selling confiscated Russian property at online auctions to collect money for the reconstruction of damaged objects

The government has approved the procedure for using funds from the Fund for Liquidation of the Consequences of Russia’s Armed Aggression.
In particular, the fund will use money from selling property confiscated from Russia or Russian oligarchs in Ukraine.

It will sell it according to the same rules Ukraine sold state property at auctions before the war, where both domestic and international companies could participate.

“We have frozen and confiscated hundreds of objects belonging to the Russian government or Russian oligarchs in Ukraine. Many of these facilities are now inactive. The government will launch an open and completely transparent sale of this property. This means open auctions, where Ukrainian or foreign businesses can purchase confiscated properties,” the Head of Government noted.

The state budget has already received UAH 17 billion ($500 million) confiscated from Russian banks.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts