Beautiful Virgin Islands

Sunday, Jul 06, 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.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
×