The decision is intended to accelerate budget revenues and channel them toward the country’s reconstruction and economic support, Prime Minister Yuliia Svyrydenko said.
Key changes introduced under the simplified mechanism for selling sanctioned assets- Loan claims can now be included as part of an asset and sold together as a single package, making auction lots more attractive to buyers.
- If the first auction fails due to a lack of participants, a repeat auction with a lower starting price will be launched automatically, followed by a Dutch auction with a gradual price reduction. This is designed to reduce the risk of assets remaining unsold.
- All auctions will be conducted through Prozorro.Sale, a transparent electronic public auction system providing digital access to all potential buyers.
The aim of the changes is to increase competition at auctions and accelerate the sale of confiscated assets to replenish the state budget and finance post-war reconstruction.
Assets already approved for sale
The government has approved a list of 26 sanctioned assets whose corporate rights will be offered at open auctions. Trading is expected to begin as early as March 2026, subject to the readiness of the assets for sale.
Among the most prominent lots are:
- Ocean Plaza shopping and entertainment centre (Investment Union Lybid LLC), a major retail complex in Kyiv;
- Mykolaiv Alumina Plant (Mykolaiv Alumina Plant LLC), a strategically important industrial asset;
- Kalush Pipe Plant (Kalush Pipe Plant LLC);
- AMSTEL-SKI Hotel (AMSTEL-SKI LLC) in Bukovel;
- Demurinsky Mining and Processing Plant (Demurinsky Mining and Processing Plant LLC);
- Motordetal-Konotop LLC;
- Zaporizhzhia Aluminium Production Plant (Zaporizhzhia Aluminium Production Plant JSC).
These enterprises were seized as part of Ukraine’s sanctions policy and are linked to Russian companies that supported the aggressor’s economy or operated in the interests of the Russian Federation.
Where the proceeds will go
According to Yuliia Svyrydenko, all proceeds from the sale of sanctioned assets will be transferred to the Fund for Eliminating the Consequences of Armed Aggression, which was established to finance:
- the restoration of national infrastructure;
- economic support measures;
- social and humanitarian assistance to citizens.
This means that assets which previously generated income for the aggressor or were used to finance it will now contribute to Ukraine’s reconstruction.
How this works in practice
Previous auctions of confiscated property in Ukraine have already delivered results. In 2025 alone, the state received approximately UAH 4.5bn (around $104m) from the privatisation and sale of Russian assets, including the disposal of enterprises and the recovery of debts. Part of these proceeds came from assets that were once part of Russia’s economic system or owned by collaborators.
Scale of sanctioned assets
According to independent research, more than 900 commercial assets in Ukraine are linked to the Russian government, Russian state-owned companies, collaborators or individuals supporting the war. These include not only businesses but also movable property such as aircraft, ships, railcars, vehicles and industrial equipment that have been sanctioned by Ukrainian courts and transferred into state ownership.
What’s next?
Auctions under the new rules are expected to start from March 2026. The State Property Fund, together with relevant authorities, will prepare the assets, conduct valuations and list them for sale through electronic auctions, ensuring maximum transparency and access for potential investors.
The government’s decision forms part of a broader strategy to ensure the effective use of confiscated Russian assets for Ukraine’s recovery and to stimulate a transparent privatisation market under wartime conditions.
