Ministry of Economic Development to exclude oligarchs from privatization process

Ministry of Economic Development and Trade of Ukraine considers there is no place for Ukrainian oligarchs in privatization process.

13 October 2015 10:53

Ministry of Economic Development and Trade of Ukraine wants to exclude the Ukrainian oligarchs from the large-scale privatization process scheduled for 2016, UNIAN reports citing Aivaras Abromavicius, Minister of Economic Development and Trade, as saying at the round table on the reform of state-owned enterprises.

According to the Minister, the key objectives of privatization are the attraction of foreign strategic investors who will introduce a new quality of corporate management and create a new quality of competitive environment for Ukrainian business, as well as prevention of Russian investors and oligarchs from entering the auction.