Despite military setbacks due to the ongoing conflict with Russia, Ukraine is experiencing a wave of privatisation that is attracting new investment and generating significant revenue. In 2024 alone, the government sold 377 state-owned assets, including major companies like the titanium plant United Mining and Chemical Company, for a total of nearly 12 billion hryvnias (approximately $300 million). This shift not only improves operational efficiencies but also reduces the power of oligarchs, thereby addressing systemic corruption, which is crucial for Ukraine's future recovery and aspirations to join the EU and NATO.
In 2024, Ukraine has successfully overseen the privatisation of major assets, attracting investment and generating nearly 12 billion hryvnias in revenue despite ongoing conflict.
This revenue stream will be an important part of Ukraine's military fund, as well as a foundation for its future recovery and development.
Privatisation indicates that Ukraine is moving away from inefficient state-run enterprises, allowing for improved efficiency and gains in the private sector.
The sales will weaken the oligarchs' ability to divert state funds, reducing systemic corruption that has impeded Ukraine’s development and European integration.
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