The Cabinet of Ministers of Ukraine has approved the Methodology for Determiningthe Feasibility of Asset Management, developed by ARMA in the implementation ofthe provisions of the updated legislation.

The adoption of this document is an important stage in the implementation of thereform of the seized asset management system and the introduction of newmechanisms provided for by the Law of Ukraine «On the National Agency ofUkraine for Finding, Tracing and Management of Assets Derived from Corruptionand Other Crimes».

The Methodology establishes a unified approach to determining the feasibility ofeffective management of seized assets and preserving their economic value. Fromnow on, the asset assessment procedure will be carried out according to clear andstandardized rules, which will contribute to greater transparency and substantiation ofmanagement decisions.

According to the law, in order to determine the feasibility of effective assetmanagement, ARMA, upon a prosecutor’s request, conducts its identification — a setof measures aimed at establishing the characteristics and features of the asset in orderto determine the most appropriate method of its management.

The approved Methodology defines the procedure for conducting inspections andexaminations of assets, documenting their condition, collecting information andsupporting data regarding the characteristics of the property. It also providesmechanisms for interaction with law enforcement and other state authorities to obtainaccess to assets.

Based on the identification conducted, ARMA will prepare a conclusion regardingthe feasibility of effective asset management and determine the most optimalmanagement method. When preparing such a conclusion, the economic potential ofthe asset, possible sources of income, requirements for material, technical and humanresources, storage and maintenance costs, as well as the comparative economicefficiency of asset management and its sale will be taken into account.

The adoption of the Resolution will ensure the practical implementation of legislativeprovisions regarding the management of seized assets, increase the effectiveness ofARMA’s activities and contribute to maximizing the preservation of the economicvalue of property transferred to state management.