PanaTimes

Thursday, Feb 09, 2023

Ukraine Bans All Russians From Massive Moscow-Style State Selloff

Ukraine Bans All Russians From Massive Moscow-Style State Selloff

All Russians will be banned from taking part in a huge new selloff of Ukrainian state-owned companies, a senior official has told The Daily Beast.
The move is intended to bolster Ukraine’s economy while freeing it from the tentacles of Russian influence on the 30th anniversary of its independence.

President Vladimir Putin ordered up to 100,000 troops to the border of Eastern Ukraine earlier this year and Russian investors and pro-Russian oligarchs continue to try and increase their influence on Kyiv.

Ahead of President Volodymyr Zelensky’s meeting with President Joe Biden in Washington later this month, Ukraine is moving ahead with an anti-corruption plan that will take more than 3,000 companies out of the hands of state officials, encouraging foreign investors to help create a more modern, Western-looking economy.

The head of the State Property agency—who will oversee the mass privatizations—studied various models of transforming developing democracies in the U.S. “We need Biden to help us speed up and finish the reforms not in 30 but in three to five years, that is why we need the U.S. support so much,” Dmitro Sennichenko told The Daily Beast. “America needs us because we have lots of natural resources, including rare minerals including titanium, magnesium, lithium. Our main goal is to open our economy—right now we have around 3,600 ineffectively managed state companies.”

To make Ukraine more attractive to foreign investors, Kyiv is fighting corruption wars on several fronts. Earlier this month, Zelensky declared the beginning of the “de-oligarchization” of Ukraine, so that post-Soviet tycoons would no longer exert so much influence on politics.

Of course, it is easier to make these sorts of announcements than it is to rid Ukraine of the links between the oligarchs, organized criminals, and secret agents.

Daria Kaleniuk, director at the Anti-Corruption Action Center, told The Daily Beast the country was finding it difficult to root out corruption—and Russian influence. “We are struggling to reform our court, security and management systems,” she said. “[The Ukrainian secret service] SBU had strong ties with Russian FSB, they still find Russian citizens at the agency.”

Reformers are convinced Western politicians can help Ukraine open up for investors and recover from the malaise of post-Soviet corruption.
Comments

Oh ya 1 year ago
And Russia should just cut the oil pipeline running through the Ukraine. But the people would freeze to death because they would not have all the oil/gas that Ukraine steals as it passes through the country

Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
Today's news from Britain - 9th February 2023
China has declined the US's request for Defense Secretary Lloyd Austin to speak with Chinese Defense Minister Wei Fenghe after the US Air Force shot down a suspected Chinese spy balloon, according to the Pentagon
The five largest oil companies in the West generated combined profits of nearly $200 billion in 2022, which has led to increased calls for governments to impose tougher windfall taxes
2 earthquakes in Turkey killed over 2,300 people
U.S. added 517,000 jobs in January, snapping five-month string of slowing employment growth
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Tennessee Bill Would Imprison People for 3 Years If They 'Lie' About Rape to Get an Abortion.
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
House Speaker Kevin McCarthy said he will block Reps. Adam Schiff and Eric Swalwell from serving on the House Intelligence Committee
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
×