Ukraine reluctant to nationalize Russian assets

2 March, 12:33 AM
Tomas Fiala, CEO and owner of Dragon Capital (

Tomas Fiala, CEO and owner of Dragon Capital (

Lack of political will helps Russian owners of assets in Ukraine re-register them and maintain control, particularly thanks to corruption in the Asset Recovery and Management Agency (ARMA), CEO of investment company Dragon Capital, Tomas Fiala, said in an interview with Ukrainian news outlet Ekonomichna Pravda on March 1. Dragon Capital is the proprietor of

“Russian assets are nationalized slowly,” said Fiala.

“I don’t see the political will to quickly take away the Russian assets that are in the country. And this helps Russian owners to re-register them to other owners.”

According to Fiala, these assets should either be placed under management for the benefit of the state, or nationalized and sold off.

Video of day

“Next week there will be ARMA’s contest for Morshynska (owned by Russian oligarch Mikhail Fridman, shares frozen),” Fiala provided an example.

“It is strange that this asset has been in ARMA for many months, and now on Feb. 10, a contest for a directing manager is announced, stating that in 12 days one must apply.”

Fiala added that "ARMA isn’t too open to providing more information (on the matter)."

“This also raises suspicion that there is already someone with whom they agreed on the transfer (of the company assets),” the businessman concluded.

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron!

Follow us on Twitter, Facebook and Google News

Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news