Ukraine to auction 26 seized Russian-linked assets under streamlined rules

“From now on, creditor claims tied to loans can be bundled into the asset and sold as a single package,” she said. “If the first auction fails, the state will automatically launch a second one at a reduced price — followed by a Dutch-style auction with step-by-step price cuts.”

According to Svyrydenko, the new rules are aimed at accelerating the sale of frozen Russian assets and increasing state revenue.

“We’ve approved a list of sanctioned assets and a tentative sales timeline. Corporate rights to 26 entities will be auctioned off, including Investment Union Lybid LLC (Ocean Plaza mall), Mykolaiv Alumina Plant LLC, Kalush Pipe Plant LLC, AMSTEL-SKI LLC (a hotel in Bukovel), Demurinsky Mining and Processing Plant LLC, Motordetal-Konotop LLC, and Zaporizhzhya Aluminum Production Plant JSC,” she said. “Auctions will begin in March, with lots going up for sale depending on how quickly each asset can be prepared.”

All proceeds will go to the Fund for Eliminating the Consequences of Armed Aggression, which finances infrastructure repair, economic recovery, and humanitarian support, Svyrydenko said.

In 2025, the fund received 4.51 billion hryvnias from the sale of nationalized Russian-linked assets — including businesses that previously served Russia’s economy or were owned by collaborators and traitors.