Ukraine will sell large state-owned companies at a discount to support the economy amid the war,

said the head of the State Property Fund (SPFU), Rustem Umerov. He added that Ukraine seeks investors brave enough to bet it will repel the Russian invasion.

The large privatization effort will be launched in May with the following assets for sale: Odesa Port Plant, titanium producer United Mining and Processing Plant, Zaporizhzhia Titanium-Magnesium Plant, insulin producer Indar, and Tsentrenergo are being prepared for sale at the state auction.

It is estimated that Kyiv will collect more than $400M from selling these state enterprises. At the same time, Umerov noted, “If we don’t sell these assets this year, then next year their only value will be real estate, and in the following year, just the land they stand on,” Umerov said.

Also, Ukraine plans to receive another $190M from the lease of agricultural land.