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Cabinet includes titanium enterprise confiscated from russian oligarch in list of objects of large-scale privatization

The Cabinet of Ministers included in the list of objects of large privatization VSMPO Titan Ukraine LLC, which was confiscated from the russian billionaire, shareholder of the titanium corporation VSMPO-Avisma Mikhail Shelkov.

The representative of the Cabinet of Ministers in the Verkhovna Rada, Taras Melnychuk, announced this on the Telegram channel, the Ukrainian News agency reports.

"A share of 100% of the authorized capital of the limited liability company VSMPO Titan Ukraine is included in the list of objects of large-scale privatization of state property, approved by the government order of January 16, 2019 N 36-r," he wrote.

As the Ukrainian News agency earlier reported, in July the Cabinet of Ministers included the Demurinskyi Mining and Processing Plant (Dnipropetrovsk Region), which was also confiscated from Shelkov, in the list of large privatization objects.

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In February 2023, the Cabinet of Ministers transferred the confiscated assets of the russian billionaire Shelkov to the State Property Fund.

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