Exactly two years have passed since the Cabinet of Ministers of Ukraine transferred the 66.65% state share of the Ocean Plaza shopping and entertainment center to the State Property Fund for management and instructed the State Property Fund to privatize this asset. This decision was made after the High Anti-Corruption Court seized this share in March 2023 and transferred it to the state revenue from sanctioned Russian oligarchs Arkady and Boris Rotenberg, who are close to Russian President Vladimir Putin.

Since then, the Ocean Plaza shopping center, located in the heart of Kyiv, has become not only a popular shopping destination but also the subject of complex financial and legal entanglements. Debts of 9 billion hryvnias, legal disputes, and competition from the new Ocean Mall shopping center are hindering privatization, leaving the future of this iconic property in question. LIGA.net investigated why the sale is being delayed and what risks this poses for Ocean Plaza.

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