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UK sees privatisation 'opportunities' in Ukraine war
British aid is being used to open up Ukraine’s wrecked economy to foreign investors and enhance trade with the UK.
Amid the devastating war in Ukraine, British economic aid to the country is focused on promoting pro-private sector reforms and on pressing the government to open up its economy to foreign investors. It follows the Ukrainian government’s announcement in July of its ‘Large-Scale Privatisation 2024’ programme that is intended to drive foreign investment into the country and raise money for Ukraine’s struggling national budget, not least to fight Russia. Rustem Umyerov, the head of the State Property Fund, which presides over Ukraine’s privatisation strategy, said in July that “international partners support the start of large-scale privatization and are ready to facilitate pitches to the business communities in their countries.”
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