Over 1,500 Russian Assets Confiscated by Ukraine: Most Are Illiquid or Stuck in Occupied Regions.

Managing Seized Russian Property in Ukraine

According to 5 канал — Політика: Since the war began, Ukraine has been actively confiscating Russian-linked assets as part of its broader sanctions strategy. The State Property Fund now oversees more than 1,500 such items, with cars, real estate, and antiques making up the largest categories. As of February 2023, the total stood at 1,537 assets. A significant portion remains either under identification or located in Russian-occupied territories. Roughly 41% of these assets are vehicles and apartments, while about 500 items consist of antique weapons, paintings, and collectibles.

Asset Liquidity and Planned Sales

According to officials, only about 35% of the assets are considered liquid. Another 20% are situated in occupied areas, and 17% are still being identified. Of the liquid assets, just a quarter are scheduled for sale in 2026. Among the notable properties earmarked for sale are Ocean Plaza, the Glukhivsky quartzite quarry, and the Mykolaiv alumina plant.

"You have to understand what these 1,537 assets actually represent as of February," said Dmytro Natalukha, a representative of the State Property Fund.

Dmytro Natalukha, State Property Fund of Ukraine

He added: "Only about a quarter of the liquid assets are planned to be put up for sale in 2026." Natalukha noted that "the number of objects is indeed staggering, but it's a very specific market." He also highlighted the recent successful sale of Artemy Lebedev's apartment, which was completed a few weeks prior.

On June 18, 2023, searches were conducted at the offices of State Property Fund officials, underscoring the authorities' active oversight of confiscated asset management.

As Ukraine continues to grapple with war and economic challenges, managing these confiscated assets has become increasingly important. The process of identifying and selling them could help bolster the state budget and stabilize the real estate market. However, most assets are not yet ready for sale, which may delay revenue and impact future financial inflows.