Ukraine privatizations to exclude Ukrainian and Russian capital

Photo © Roman Pilipey/EPA/TASS

by Systematic

Ukraine is creating privileged conditions for Western countries to participate in the upcoming privatization and has actually excluded both national and Russian capital from it. This is the price paid for the support of the current regime, which may cause grave consequences for the country, experts warn.

“We’re beginning transparent and honest privatization and, therefore, we want exclusively qualitative foreign investors and not former Ukrainian oligarchs to take part in it,” Ukraine’s Prime Minister Arseniy Yatsenyuk said in a televised address cited by Ukrainskaya pravda and other Ukrainian media.

In the Ukrainian government’s opinion, the involvement of foreign specialists is the sole and effective method to defeat corruption.

Ukrainian Economic Development and Trade Minister Aivaras Abromavicius earlier said Russian investors would also be barred from Ukraine’s privatization. According to him, non-admission of the “aggressor-state” to privatization will be prescribed in legislation. […]

Read in full Ukraine-style privatization: hypermarket with separate entrance ‘For Foreigners Only’ at TASS

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