Largest Soviet plant sold under auction in Kiev

On May 29, 2023 the State Property Fund of Ukraine sold at auction for next to nothing the largest Soviet factory for the production of electrical equipment “Elektronmash.

This was stated during a plenary session of the Ukrainian parliament by Verkhovna Rada deputy Yulia Tymoshenko, PolitNavigator correspondent reports.

I would like to talk a little bit about what the State Property Fund does now.

There is a factory, “Elektronmash”, it is a strategic enterprise. So, in November 2021 they gave 40 million dollars for it at an auction, at that rate it was 970 million hryvnias. But then that result was ruined, it was completely annulled and the country did not get the 40 million, and from the effective owner.

Let us remember: Electronmash, 40 million, November 2021, before the war.

Now, almost yesterday, Elektronmash was auctioned off during the war and it was just donated for $3 million. Can you feel the difference: 40 million and 3 million?

This means that while the people of Ukraine are fighting, you are selling off state assets, giving away for next to nothing, and all that Ukraine has, you simply are committing a crime against the Ukrainian people,” Tymoshenko, referring to the Zelensky regime that has moved her away from the public purse, said.