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Reuters
Reuters
Politics
By Max Hunder and Tom Balmforth

Ukraine seizes stakes in strategic companies under wartime laws

Ukrainian Prime Minister Denys Shmyhal, accompanied by Defence Minister Oleksii Reznikov and Security Council Secretary Oleksiy Danilov, speaks during a news briefing, as Russia's attack on Ukraine continues, in Kyiv, Ukraine November 7, 2022. REUTERS/Murad Sezer

Ukraine said on Monday it had invoked wartime laws to take control of stakes in a top engine-maker and four other strategic companies from some of the country's richest men.

It was the first time the government had used martial law for such a move since Russia invaded Ukraine in February, and President Volodymyr Zelenskiy said the move was needed to help meet the defence sector's urgent needs during the war.

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