Performance Failures at the Asset Tracing and Management Agency
Official audits have uncovered significant inefficiencies at Ukraine's Asset Tracing and Management Agency (ARMA). Both the Anti-Corruption Committee and the Accounting Chamber confirmed that the majority of seized assets, worth hundreds of billions of hryvnias, remain idle, no inventory has been taken, and preparations for a crucial reform are failing.
Key Findings from the Audits
On November 25, 2025, the Anti-Corruption Committee, with the involvement of MP Anastasiia Radina, found that 67% of seized property valued at over 200 billion UAH had not been used to bolster Ukraine's defense and security or to replenish the state budget. Andrii Potiomkin, commenting on the inspection results, stated:
“67% of the seized property under ARMA's management, worth over 200 billion UAH, has not been used to strengthen Ukraine's defense and security or to fill the state budget.” - Andrii Potiomkin
In late January 2026, the Accounting Chamber published a report analyzing ARMA's activities. The report noted:
- No inventory of assets has been conducted;
- Assets have not been formally accepted via transfer deeds;
- Competitions for asset management have not been prepared;
- The necessary regulatory framework has not been developed.
Andrii Potiomkin commented on the Accounting Chamber's conclusions:
“The inventory hasn't been conducted, assets haven't been accepted via transfer deeds because they don't know what to accept. Management competitions aren't prepared. The regulatory framework isn't developed.” - Andrii Potiomkin
These findings highlight severe problems in managing seized assets, raising serious concerns about ARMA's effectiveness and its ability to improve Ukraine's financial situation. The agency was established to confiscate and manage assets from corrupt individuals and sanctioned entities, making its performance critical for state revenue.
The identified shortcomings call into question ARMA's capacity to fulfill its core functions, which could have negative consequences for the country's financial stability. Given the ongoing war and economic challenges, the timely and effective use of seized assets is more urgent than ever, as these resources could play a key role in supporting Ukraine's defense capabilities and socio-economic development.
These issues are compounded by the alarming revelation that the Asset Agency has lost track of thousands of seized properties, as highlighted during a chaotic committee hearing. This further underscores the urgent need for reform and effective management of seized assets to enhance accountability and financial recovery in Ukraine.