The government has announced the privatization of five large companies but wants to maintain control of strategic assets.

The State Property Fund (SPFU) has already sold assets worth ₴4.5B within the framework of small privatization this year. Next year, it is planned to privatize five large objects, Prime Minister Denys Shmyhal said at the Kyiv International Economic Forum.

He clarified that the government has transferred 2,200 state-owned enterprises to the SPFU during the war. The government plans to leave up to 200 critically important enterprises under state ownership, corporatizing them and appointing supervisory boards.

The head of SPFU, Oleksandr Fedoryshyn, noted that strategic assets should remain in state ownership. These companies should be transferred to the management of the Ukraine Sovereign Fund. These companies include Ukrainian Railways (UZ), energy enterprises related to national security (Ukrenergo, Energoatom), and distribution companies.

At the first stage of the SPFU’s development, there should be a group of 30 such companies, whose value reaches $45B. At the same time, with competent management, their value may increase to $200B in three years.