The State Property Fund presents a plan to transfer state agricultural lands to Ukraine’s Land Bank.

According to the SPFU, state lands will be consolidated in several stages.

1. First, agricultural land of state-owned enterprises already in the bankruptcy procedure at the liquidation stage will be transferred to the land bank.
2. In the second stage, properties that do not have any encumbrances or restrictions will be transferred.
3. In the third and fourth stages, properties belonging to state-owned enterprises that have problems and require an individual approach to be transferred.

The first two rounds of land assets can be transferred to the Land Bank within two to three months. In parallel, the SPFU will work on the draft regulation for the Land Bank, which will become a strategic asset that will remain in state ownership and later be transferred to the Ukrainian Sovereign Fund.

According to the Office of the President, the state has more than 500,000 hectares of agricultural land, but the exact figure will be known only after an inventory. The state will receive more than ₴3B from this land.