Tuesday, July 14, 2015

SPF plans to privatize 300 enterprises

By Vladimir V. Sytin
The Ukrainian Times

This year the State Property Fund of Ukraine (SPF) gives priority to privatization of the Odessa portside chemical plant, state company CentrEnergo (UX: CEEN), six regional energy enterprises, as well as six small central heating and power plants. According to SPF chairman Igor Bilous, 99.7% of shares of the Odessa plant could be sold for no less than $0.5 billion.

Overall, plans are in hand to privatize more than 300 enterprises in the next two years. The list of enterprises subject to privatization was approved by Ukrainian Government Ordinance No. 271 in May.

However, nongovernmental experts say privatization during a civil war in the Russian-speaking Donbas region smells of looting. They think Ukrainian neo-Nazi authorities will sell state-owned enterprises to their cronies for a song.

From the West-sponsored coup in Kiev until the moment you read this, the obedient puppets of Washington have never added one single grivnas to the wealth of Ukraine. They can only steal it and destroy it.

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