The state earned over 2 billion hryvnias from the sale of sanctioned property

The state earned over 2 billion hryvnias from the sale of sanctioned property

Sanctioned assets have contributed over 2 billion UAH to the state budget.

Throughout the year of online auctions on Prozorro.Sales, the state received 2.14 billion UAH from the sale of seized and sanctioned assets related to the Russian Federation.

What was put up for sale?

Shares, real estate, corporate rights, equipment — including a stake in the "Kyiv Champagne Wine Factory" and shares of "Prominvestbank".

How does it work?

ARMA transfers the assets, Prozorro.Sales organizes the auctions.

In a year, 684 auctions were held, with 42% being successful. Competition increased revenues from 1.3 to 2.14 billion UAH.