Russia's full-scale war against Ukraine is being fought not only on the battlefield. An equally important front in this confrontation is the economic battlefield, where the struggle continues over strategic assets that for years generated profits for Russian businesses and their affiliated persons.
Therefore one of the key elements of State sanctions policy is not only the seizure of assets connected with the aggressor state or sanctioned persons, but also their subsequent professional management in the interests of Ukraine.
ARMA plays a crucial role in this process. The Agency preserves the economic value of seized assets, conducts transparent competitive selection procedures for asset managers, and ensures that these assets continue to operate, safeguard jobs, pay taxes, and create economic value for the State.
Today, Russian businesses and affiliated persons continue to use every available legal mechanism to protect their assets. Meanwhile, Ukraine continues to pursue a consistent sanctions policy aimed at preventing the restoration of the aggressor state's economic influence in Ukraine..
Every asset that ceases to serve Russian capital and instead operates in the interests of Ukraine strengthens the country's economic security. For this reason neither Viktor Medvedchuk, Mikhail Fridman, nor any other individuals associated with financing or supporting Russia's aggression should be allowed to regain their economic influence in Ukraine. Sanctions should not be merely symbolic – they must not only freeze assets but also ensure their effective management for the benefit of the State..
A prime example of this approach is ARMA's ongoing competitive selection process for the manager of the corporate rights of the IDS Ukraine group. The future asset manager will be responsible for ensuring the uninterrupted operation of the companies, preserving jobs, enhancing the economic value of the asset, and ensuring its effective management in the interests of the State.
The competitive selection process for the manager of the corporate rights of the IDS Ukraine group is currently underway. Detailed participation requirements are available via the folowing link.
Concurrently, ARMA is preparing additional assets for transfer into professional management. These include hotel complexes in Odesa and the Carpathian region, industrial enterprises such as «Betonbud» and «Kerambud», as well as other strategically important assets.
ARMA invites professional companies with proven experience in asset management, sound financial capacity, and an impeccable business reputation to participate in its competitive selection procedures.
For additional information on participation in the competitions, please contact info@arma.gov.ua.
Effective management of seized assets is not merely a mechanism for preserving property. It is an instrument of the State's economic security that ensures the uninterrupted operation of businesses, supports Ukraine's economy, and makes sanctions policy truly effective.
