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Government accelerate the sale of sanctioned assets: a new resolution paves the way for effective implementation

Ministry of Economy, Environment and Agriculture of Ukraine, posted 23 January 2026 14:12

The Cabinet of Ministers has adopted a resolution that allows for a significantly faster and more efficient launch of the sale of assets that have been sanctioned by the court in the form of confiscation to the state. The document also introduces a separate Procedure for the sale of sanctioned assets, which takes into account the specific nature of such objects and provides for:

  • the holding of electronic auctions with the possibility of reducing the starting price;
  • the use of step-by-step reduction auctions and the submission of price proposals (‘Dutch’ auction for reduction);
  • the possibility of combining assets into pools;
  • flexible mechanisms for managing debt claims, including their inclusion in the authorised capital of the company.

This should ensure the rapid, competitive and market-based sale of sanctioned assets in accordance with the provisions of the Law of Ukraine On Sanctions. All proceeds from the sale of sanctioned assets shall be directed to the Fund for the Elimination of the Consequences of Armed Aggression. They will be used to rebuild infrastructure, the economy and support citizens.

The Government has approved a list of sanctioned assets that will be put up for auction under the new procedure during 2026. The auction will include corporate rights to 26 entities, including Lybid Investment Union LLC (Ocean Plaza shopping centre), Mykolaiv Alumina Plant LLC, Kalush Pipe Plant LLC, AmstelSki LLC (Hotel in Bukovel), Demurinsky Mining and Processing Plant LLC, Motordetal-Konotop LLC, Zaporizhzhya Industrial Aluminium Plant JSC, and other assets. Auctions will begin in March and will be held depending on the time required to prepare the asset for sale.

"The adoption of this resolution is an example of a quick and pragmatic decision, made possible thanks to the consolidated work of the team of the Ministry of Economy, Environment and Agriculture of Ukraine, the State Property Fund of Ukraine and stakeholders in the process of selling sanctioned assets," said Daria Marchak, Deputy Minister of Economy, Environment and Agriculture of Ukraine.

"Speaking more broadly about privatisation plans, we are entering 2026 with a clear understanding: today, the privatisation and sale of sanctioned assets that have been confiscated as state revenue is about restoring production, effective management and transforming state-owned enterprises and companies that have become state property into engines of the economy," added the Deputy Minister.

At the end of 2025, the state received almost UAH 4.5 billion from the sale of sanctioned property alone.


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