Planned for 2026: Sale of 1,537 Russian-Owned Assets by Ukraine's SPFU

Handling Confiscated Russian Assets

According to 5 канал: Dmytro Natalukha, Chairman of the State Property Fund of Ukraine (SPFU), disclosed that the fund oversees more than 1,500 assets confiscated from Russian nationals. Since the start of Russia's full-scale invasion, Ukraine has seized assets from sanctioned Russian individuals and entities. By February of this year, the registry included 1,537 such items, and that number has grown by roughly ten in the subsequent two months. A majority – 41% – consist of personal belongings such as automobiles, apartments, and other residential units. Additionally, around 500 entries comprise rare firearms, paintings, icons, and other jewelry and antiques.

Asset Status and Planned Disposal

Out of the total, 123 assets represent corporate stakes, while 35% are considered liquid. However, 20% of the assets are situated in occupied areas, and 17% are still being identified. According to Natalukha, only roughly one-quarter of the liquid assets are scheduled to be offered for sale in 2026. Notable items on the sale list include Demurinka, Ocean Plaza, Motordetal, Hlukhiv Quartzite Quarry, and Mykolaiv Alumina Plant.

• Demurinka
• Ocean Plaza
• 'Motordetal'
• Hlukhiv Quartzite Quarry
• Mykolaiv Alumina Plant

Natalukha also highlighted successful transactions from recent weeks, including the sale of Artemy Lebedev’s apartment and four vehicles once owned by Oleg Deripaska. "The volume of assets is indeed overwhelming, yet this is a highly specialized market. At the same time, we have had positive outcomes," he said.

However, Natalukha noted that Ukraine does not presently have a large enough antiques market to absorb such items. Consequently, assets that cannot be sold are either donated to museums or remain registered.

Furthermore, on June 18 of this year, law enforcement officers raided SPFU offices in connection with a suspected undervaluation of Ocean Plaza. The High Anti-Corruption Court (HACC) has nationalized assets belonging to Russian oligarchs valued at over UAH 22 billion, among them Ocean Plaza and Artemy Lebedev's apartment. Developments like these underscore the SPFU's active role in managing confiscated property and its push for greater transparency.

The oversight of Russian-confiscated assets marks a crucial step for Ukraine as it combats aggression and works to revive its economy. The sale of liquid assets could provide funding for government initiatives and support economic revitalization. Although valuation and marketing of these assets present challenges, the SPFU has demonstrated progress, reflecting an increasing commitment to transparency in the management of seized property.