London Daily

Focus on the big picture.
Friday, Aug 22, 2025

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 4 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

0:00
0:00
Close
After 200,000 Orders in 2 Minutes: Xiaomi Accelerates Marketing in Europe
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
MSNBC Rebrands as MS NOW Amid Comcast’s Cable Spin-Off
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
William and Kate Are Moving House – and the New Neighbors Were Evicted
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
Taylor Swift on the Way to the Super Bowl? All the Clues Stirring Up Fans
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Apple Expands Social Media Presence in China With RedNote Account Ahead of iPhone 17 Launch
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Bill Barr Testifies No Evidence Implicated Trump in Epstein Case; DOJ Set to Release Records
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
Emails Worth Billions: How Airlines Generate Huge Profits
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
JPMorgan Plans New Canary Wharf Tower
Zelenskyy and his allies say they will press Trump on security guarantees
Beijing is moving into gold and other assets, diversifying away from the dollar
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
The Drought in Britain and the Strange Request from the Government to Delete Old Emails
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
"No, Thanks": The Mathematical Genius Who Turned Down 1.5 Billion Dollars from Zuckerberg
The surprising hero, the ugly incident, and the criticism despite victory: "Liverpool’s defense exposed in full"
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
×