Ukraine plans to earn about $1.37 billion in receipts from privatization in 2016 / Photo from uralpolit.ru
Ukrainian Minister for Economic Development and Trade Aivaras Abromavicius insists that Ukrainian oligarchs should be kept off the process of large-scale privatization in Ukraine, which is scheduled for 2016.
"Ideally, we'd like to carry out such privatization where not only Russians but also Ukrainian oligarchs are not involved. They have already participated before," he said after a roundtable meeting on reform of state-owned enterprises.
The minister claims that the goal of the privatization is to attract strategic investors from abroad who could introduce brand new corporate governance and create a qualitatively new competitive environment for Ukrainian businesses.
As UNIAN reported earlier, Ukraine's Cabinet of Ministers rescheduled the large-scale privatization for 2016, as authorized agencies had not managed to transfer all state-owned assets to the State Property Fund (SPF), which is responsible for privatization in Ukraine.
The SPF plans to earn about UAH 30 billion (or nearly $1.37 billion) in receipts from privatization in 2016 if Ukrainian lawmakers pass laws to support the process.