---
title: "Ukraine embraces widespread privatization of state assets"
type: "post"
post_id: "4349"
slug: "ukraine-embraces-widespread-privatization-of-state-assets"
canonical: "https://pennyforyourthoughts2.ca/2023/05/31/ukraine-embraces-widespread-privatization-of-state-assets/"
markdown_url: "https://pennyforyourthoughts2.ca/2023/05/31/ukraine-embraces-widespread-privatization-of-state-assets.md"
json_url: "https://pennyforyourthoughts2.ca/2023/05/31/ukraine-embraces-widespread-privatization-of-state-assets.json"
txt_url: "https://pennyforyourthoughts2.ca/2023/05/31/ukraine-embraces-widespread-privatization-of-state-assets.txt"
published: "2023-05-31T21:39:09+00:00"
modified: "2023-05-31T21:39:09+00:00"
author: "penny2"
categories:
  - "Uncategorized"
tags:
  - "NATO"
  - "Ukraine"
site_name: "PFYT2"
publisher: ""
language: "en-US"
generator: "easyPress Markdown"
generator_version: "1.0.6"
---
[So, this is what the Ukrainians are fighting for? ](https://english.nv.ua/business/ukraine-embraces-widespread-privatization-of-state-assets-50328676.html)

> **The SPFU will have the authority to reinitiate large-scale privatization, lease state property for a maximum of five years, and independently decide the fate of assets expropriated from sanctioned individuals and companies.**
> 
> **The SPFU will have the autonomy to make executive decisions concerning sanctioned property, such as privatization, sales, leasing, or management.** All proceeds will be directed towards repairing the damage done by Russia’s invasion of Ukraine.
> 
> **The new law also prevents sanctioned individuals and Russian or Belarussian citizens from becoming heads of state enterprises or members of their supervisory boards.**

**So EU and American citizens will be preferred?**

> **Previously, it was reported that the SPFU’s earnings from privatization in Q1 2023 hit a record high for the past decade.**