Privatization Roadmap for 2026
Ukraine’s State Property Fund (SPFU) has released its 2026 privatization schedule, covering seven industrial assets. Most of these facilities were previously owned by pro-Kremlin oligarchs and were seized through sanctions enforcement. The SPFU is now adopting a proactive international marketing strategy aimed at attracting global investors.
The approved monthly auction timeline includes enterprises from the chemical, metallurgical, and mining sectors, as well as commercial real estate properties. Among the key auctions set for 2026, bidding will begin in September for:
- Glukhiv Quartzite Quarry LLC, formerly controlled by Russian oligarch Oleg Deripaska;
- Odesa Portside Plant (OPZ) JSC, scheduled for October 2026;
- Demurinsky Mining and Processing Plant LLC, which develops the Volchansk titanium-zirconium deposit;
- Mykolaiv Alumina Plant LLC, set for December 2026;
- Investment Union Lybid LLC, known as the Ocean Plaza shopping mall.
“Our ambition is to make 2026 the year when state assets start operating more efficiently—through open auctions, transparent preparation, and competition for the best price.”
Dmytro Natalukha, Head of the SPFU
Additionally, the SPFU will take control of 1,592 confiscated Russian freight railcars, which will be handed over to Ukrainian Railways for use. These steps signal the government’s intent to accelerate privatization processes and draw foreign investment into Ukraine’s economy.
Why Privatization Matters for Ukraine’s Economy
Privatizing state assets—especially those once held by Russian oligarchs—is a critical step in rebuilding Ukraine’s economy and attracting international capital. This process can help create new jobs and develop infrastructure, which is vital given the country’s current economic challenges. The shift toward proactive marketing also reflects the SPFU’s commitment to improving the investment climate and increasing transparency in privatization procedures.
As the State Property Fund of Ukraine prepares for the upcoming privatization auctions, it is crucial to understand the broader context of state asset management. Recently, the government has implemented measures to ensure that the sale of state property occurs exclusively through auctions. This initiative aims to enhance transparency and competition in the privatization process, ultimately fostering a more robust economic environment as Ukraine seeks to attract foreign investments.