Already this year, Ukraine may start its own Sovereign Wealth Fund. It will include all strategically important state enterprises,which will not be subject to privatization. Currently, consultations are being held with the Verkhovna Rada, the Cabinet of Ministers, the Office of the President, the anti-corruption community, businesses and foreign partners.

The Sovereign Wealth Fund will be a holding company that will have from six to 11 branch subholdings. For example, energy or infrastructure. It will undertake the task of implementing development strategies not only of individual enterprises, but of entire industries. As of the beginning of September, the State Property Fund team, together with experts, prepared the Sovereign Fund's work strategy and its mandate. Work is also continuing on a draft law that will outline the basic principles of the fund's work. The same document will define the criteria by which state assets will be included in the Sovereign Fund.

The goal of SWF is to increase the capitalization of Ukrainian state assets from $40-50 billion to $150-200 billion in a few years. This is a very realistic prospect, since the Sovereign Wealth Fund will work according to the "Santiago Principles". What are these principles?

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