The Asset Recovery and Management Agency (ARMA) has completed the competitive selection of a manager through the Prozorro platform for a 24% share in VENTA.LTD LLC — one of Ukraine’s leading pharmaceutical distribution companies, previously under Russian ownership.

ARMA has now launched a comprehensive verification of all participants in the auction. The Agency’s experts are reviewing the submitted documentation to assess compliance with the competitive selection requirements and to detect any affiliation with the former owners or the russian federation.

“We are conducting a thorough verification of each potential manager. Our key objective is to prevent any individuals linked to the former owners or the aggressor state from gaining control of the asset. This Russian-origin asset must serve Ukraine — and we are committed to ensuring that,” said Ihor Chuloy, Director of the Asset Management Department.

As previously reported, the Russian-owned interest in VENTA.LTD LLC was seized within the framework of criminal proceedings concerning embezzlement, tax evasion, money laundering, and collaboration. According to the investigation, the company’s officials maintained connections with the russian federation and may have contributed to financing the aggressor state.

Upon the appointment of a new manager, the asset will be used to generate profit that will replenish the state budget of Ukraine. Thus, the assets that previously served the economy of the aggressor state will now support Ukraine’s economic resilience under wartime conditions.

ARMA will ensure full transparency in the process of selecting a manager and will provide regular updates to the public on further steps in managing the seized asset.