Finance Minister Serhiy Marchenko says Ukraine has suspended its large-scale privatization campaign in the wake of the coronavirus (COVID-19) quarantine.
“Funds from privatization are practically not earmarked in the national budget. By changing the budget, we have reduced the amount of revenue from privatization as much as possible, sending a signal to all investors that the government will not be selling its assets any time soon during the crisis,” Marchenko said.
The minister noted that the prices of enterprises put on sale were at their lowest over the coronacrisis. However, he added, the Cabinet expected to return to the privatization issue as soon as possible.
“We must sell state assets at their highest price. The state must get the most out of them if we decide to sell them effectively. Don’t believe rumors, believe facts. I’m a responsible person,” he added. (UNIAN/Business World Magazine)