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Reuters
Reuters
Business
By Olena Harmash

Buoyed by sale of small state assets, Ukraine eyes bigger sell-off

Ukrainian flag flutters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine May 12, 2022. REUTERS/Viacheslav Ratynskyi

Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia's invasion and aims to privatise thousands more in an economic overhaul, the head of the State Property Fund said.

Since his appointment to head the fund last September, Rustem Umerov has kickstarted Ukraine's privatisation efforts after years of inaction.

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