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Reuters
Reuters
Business
By Olena Harmash

Ukraine hopes to auction confiscated Russian assets in 2023

A view shows an apartment building damaged by remains of a suicide drone, which local authorities consider to be Iranian made unmanned aerial vehicles (UAVs) Shahed-131/136, shot down during a Russian overnight strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine May 8, 2023. REUTERS/Valentyn Ogirenko

Ukraine hopes to start selling off confiscated Russian assets this year via privatisation auctions to help fund reconstruction efforts, the head of the State Property Fund said.

As part of its economic response to Russia's invasion, Kyiv has imposed sanctions on Russia and opened court cases to confiscate assets held by the Russian state in Ukraine and businessmen close to the Kremlin.

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