State Property Fund of Ukraine head Dmytro Natalukha has outlined plans for the sale of confiscated Russian assets and upcoming major privatisation auctions during an interview on the LIGA Business YouTube channel.
The government agency plans to launch its first large-scale privatisation auctions in October 2026, putting up chemical manufacturer Sumykhimprom, the Odesa Port Plant, and the Demurinsky Mining and Processing Plant for public bidding.
The State Property Fund of Ukraine is the central executive agency responsible for managing state property, implementing privatisation policy, and overseeing state asset leases. Its privatisation programme aims to transfer state enterprises to private investors to raise funds for the national budget and modernize national infrastructure.
Seized Russian property and state revenue
In the interview, Natalukha explained how the Ukrainian state is taking control of confiscated Russian assets and selling property belonging to sanctioned Russian figures. He detailed how much revenue the national budget could receive from these transactions, specifically citing the seized property of Russian propagandist Artemy Lebedev alongside other confiscated holdings.
Lebedev, a Russian graphic designer and blogger, was placed under Ukrainian state sanctions for supporting Russia's invasion of Ukraine, resulting in the legal forfeiture of his property in Ukraine. Ukrainian authorities have established legal frameworks to seize assets owned by sanctioned individuals to generate state budget revenue during the war.
Kyiv shopping centre and chemical plant sales
Natalukha also addressed the future of Kyiv's Ocean Plaza shopping and entertainment centre, describing its complex legal standing as a sanatorium of Satan. In addition, preparations are under way for the auction of the Odesa Port Plant, which Natalukha noted is one of the largest facilities of its type in Europe.
Ocean Plaza is a major commercial retail mall in the Ukrainian capital that has faced prolonged litigation and asset freezing due to former ownership links to sanctioned Russian businessmen. The Odesa Port Plant, located near the Black Sea port of Odesa, is a state-owned chemical enterprise specializing in ammonia and urea production.
Investor interest and administrative barriers
Natalukha evaluated which buyers are currently prepared to acquire large Ukrainian assets. He explained why European investors are not rushing to invest capital in Ukraine and outlined how bureaucratic procedures continue to slow down privatisation efforts.
Attracting foreign capital remains a central objective for economic officials in Kyiv, who maintain that increased foreign investment can accelerate the end of the war, though ongoing security risks and regulatory hurdles have tempered European investor engagement.
Leadership and national wealth fund vision
Natalukha assumed leadership of the State Property Fund of Ukraine in January 2026. At the time of his appointment, he served as the chairman of the Ukrainian parliamentary committee on economic development.
He stated that in his new position he intends to transform the State Property Fund into a national wealth and welfare fund.
