Large-scale privatisation in Ukraine is back, and so are its challenges
A new law provides for resuming large-scale privatisation. How attractive are these assets offered?
On 20 June, Ukraine’s president Volodymyr Zelenskyy signed a law to resume large-scale privatisation – a process that was launched back in 2018 and has since been halted twice: first, due to the COVID-19 pandemic, and then, after Russia’s full-scale invasion.
The facilities planned for privatisation include Centrenergo, an operator of thermal power plants; Odesa Portside Plant, a fertiliser producer, and United Mining and Chemical Company (UMCC Titanium), a titanium miner.
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A ‘victim’ of those wishing to make easy money
The Ukrainian government has been trying to privatise Centrenergo for ten years.
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