How the state property fund will sell confiscated assets of Russian oligarchs

Ukraine is gradually nationalising the assets of Russian oligarchs, and the state property fund is getting ready to put them up for open privatisation.

The list of oligarchs includes Mikhail Shelkov, who supplied titanium raw materials from the Demurinsky mining and processing plant to Russia. According to Ukraine’s security service, SBU, the titanium was used there to produce Kalibr missiles, MiG-35 and SU-35 combat aircraft, and Ka-52 helicopters.

Last winter, the high anti-corruption court seized Mr Shelkov's property in Ukraine, and then the government transferred it to the state property fund for privatisation or lease.