Sanctioned Individuals' Assets Go Under the Hammer: Ukraine's State Property Fund Launches Auctions.

Auctions by the State Property Fund of Ukraine

According to Novyny.live: The State Property Fund of Ukraine is holding auctions to sell assets seized from sanctioned individuals, including apartments and vehicles. The combined starting price for these items is 29.2 million hryvnias. This effort is part of a broader strategy to liquidate property owned by people facing international penalties.

Items Available for Sale

Among the lots up for auction are three apartments:

• One unit, located on Saksahanskoho Street in Kyiv, spans 193 square meters and was previously owned by Artem Lebedev. Its starting price is set at 14.1 million hryvnias.
• A second apartment, measuring 138 square meters, sits on Yaroslaviv Val Street and carries an initial bid of 10.6 million hryvnias.
• The third apartment is in Irpin, covering 49 square meters. It belonged to Natalia Pashchenko and has a starting price of 2.2 million hryvnias.

In addition to the apartments, four Toyota vehicles are being offered. These cars were owned by Russian oligarch Oleg Deripaska, with a collective starting price of 524,000 hryvnias.

These auctions serve a dual purpose: they help remove assets tied to sanctioned individuals from the market while also boosting state revenue. In 2025 alone, Ukraine’s national budget gained 9.5 billion hryvnias through privatization efforts. Over the course of the year, more than 300 auctions were conducted, highlighting the government's active push to sell off state property.

Through these sales, the State Property Fund of Ukraine is playing a key role in asset liquidation and generating funds for the national treasury.

The auctions organized by the State Property Fund of Ukraine are significant not just for selling assets, but also for strengthening the country’s economy by funneling additional financial resources into the budget. Liquidating property owned by sanctioned individuals also underscores Ukraine’s commitment to upholding international rules and penalties. This process can help improve the investment climate and boost confidence among global partners.