Ukraine bans privatization in war-affected areas for duration of martial law
Business23 December 2023, 02:45 PM
The Cabinet of Ministers of Ukraine has banned the privatization of state and
municipal property in the areas affected by active hostilities during the
period of martial law and for three months after its end, the Reintegration
Ministry reported on Telegram on Dec. 22.
The ban amends earlier Cabinet decisions No. 952 of Aug. 23, 2022 and No. 1364 of Dec. 6, 2022.
The areas of hostilities are determined by the list approved by the Reintegration Ministry on Dec. 22, 2022, No. 309. It is regularly updated.
Prior to this decision, the State Property Fund had announced plans for privatization in 2024.